4 Triangular arbitrage. Assume the following information:

Given this information, is triangular arbitrage possible?
If so, explain the steps that would reflect triangular arbitrage, and compute the profit from this strategy if you had £1 000 000 to invest.
What market forces would occur to eliminate any further possibilities of triangular arbitrage?

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Quoted Price 0.60 Value of New Zealand dollar in British pounds 0.20 Value of Canadian dollar in New Zealand NZ$3.02 dollars