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1) Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable intermarket arbitrage opportunity? 129.87/$ 1.1226/$ 0.00864/ A) 115.69/ B) 114.96/

1) Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable intermarket arbitrage opportunity?

129.87/$

1.1226/$

0.00864/

A) 115.69/ B) 114.96/ C) $0.8908/ D) $0.0077/ Answer: B

Please show and explain how do you get the answer B)114.96/.

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