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3. Assume the following exchange rates: Currencies Exchange Rate GBP/USD 1.40 GBP/BRL 7.70 BRL/USD Is triangular arbitrage possible? If so, how much is your profit

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3. Assume the following exchange rates: Currencies Exchange Rate GBP/USD 1.40 GBP/BRL 7.70 BRL/USD Is triangular arbitrage possible? If so, how much is your profit in USD if you start with $1,000,000USD? 0.20

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