The exchange rates in new york for 1 are c12795 and


The exchange rates in New York for $1 are C$1.2795 and £0.6635. A dealer is offering the following quote: C$1 will buy £0.8414. What is the profit you can earn on $24,341 using triangle arbitrage?

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Financial Management: The exchange rates in new york for 1 are c12795 and
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