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2. Consider the following quotes: Yen per Pound: 256 Yen per dollar: 180 Dollar per pound: 1.5 Suppose 1 million dollars invested Is there any

2. Consider the following quotes:

Yen per Pound: 256

Yen per dollar: 180

Dollar per pound: 1.5

Suppose 1 million dollars invested Is there any possibility of triangular arbitrage? Why or why not? If yes, what is the arbitrage profit? Use $1,000,000.

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