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A recent newspaper gives the following foreign exchange quotations: Country/Region USD to Foreign Currency Canada (CAN) 0.8352 EU (Euro) 1.1250 Japan (Yen) 0.0085 Mexico (Peso)

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A recent newspaper gives the following foreign exchange quotations: Country/Region USD to Foreign Currency Canada (CAN) 0.8352 EU (Euro) 1.1250 Japan (Yen) 0.0085 Mexico (Peso) 0.0900 a. Using the data above, complete the following cross-rate table: USD CANS YEN EURO PESO USD CANS YEN EURO PESO b. If a trader finds a market in which it takes 150 Yens to buy one Canadian dollar, explain how, using triangular arbitrage, an investor might use US$1000 to profit from such apparent misalignment. How much profit does the trader make

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