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2 . You are given these quotes by the bank: You can sell Canadian dollars ( C$ ) to the bank for $ . 7
You are given these quotes by the bank:
You can sell Canadian dollars C$ to the bank for $
You can buy Canadian dollars from the bank for $
The bank is willing to buy dollars for euros per dollar.
The bank is willing to sell dollars for euros per dollar.
The bank is willing to buy Canadian dollars for euros per C$
The bank is willing to sell Canadian dollars for euros per C$
You have $ Estimate your profit or loss if you attempt to engage in triangular arbitrage by converting your dollars to euros, and then convert euros to Canadian dollars and converting Canadian dollars to US dollars.
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