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(a) Mr James is foreign exchange trader from United Kingdom. He plans to make a profit via triangular arbitrage. Below are the following quotes: -

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(a) Mr James is foreign exchange trader from United Kingdom. He plans to make a profit via triangular arbitrage. Below are the following quotes: - Llyods Bank Barclays Bank Sander Bank 1.21/ $1.30/ 0.93/$ Assume the initial investment is 5,000,000, determine the profit in dollar term with sketch of triangular arbitrage

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