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A trader has 100.000 $ and exchange rates are: 1=1.560 US$ 1=1.398 US$ 1=0.769 What is the profit using an appropriate arbitrage strategy?

A trader has 100.000 $ and exchange rates are:

1=1.560 US$

1=1.398 US$

1=0.769

What is the profit using an appropriate arbitrage strategy?

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