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1) You are given the following quotes: Bid GBP/CAD: 1.68 Ask GBP/CAD=1.69 Bid EUR/CAD=1.44 Ask EUR/CAD=1.45 Bid EUR/GBP=0.86 Ask EUR/GBP=0.87 Starting with 100,000 CAD, describe

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1) You are given the following quotes: Bid GBP/CAD: 1.68 Ask GBP/CAD=1.69 Bid EUR/CAD=1.44 Ask EUR/CAD=1.45 Bid EUR/GBP=0.86 Ask EUR/GBP=0.87 Starting with 100,000 CAD, describe and compute the two scenarios that may lead to triangular arbitrage. Is it possible to make a profit? Why? 1) You are given the following quotes: Bid GBP/CAD: 1.68 Ask GBP/CAD=1.69 Bid EUR/CAD=1.44 Ask EUR/CAD=1.45 Bid EUR/GBP=0.86 Ask EUR/GBP=0.87 Starting with 100,000 CAD, describe and compute the two scenarios that may lead to triangular arbitrage. Is it possible to make a profit? Why

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