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Assume that we have the following information: 1) $0.90 USD for 1 CND (Canadian dollar) 2) One USD is worth 3.33 New Zealand dollar (NZD)

Assume that we have the following information:

1) $0.90 USD for 1 CND (Canadian dollar)

2) One USD is worth 3.33 New Zealand dollar (NZD)

3) NZ$3.02 for one CND (Canadian dollar)

a) Do we have a triangular opportunity?

b) If observing an arbitrage opportunity, what will be our profit for a $1 million(USD) investment?

c) what are the impacts of those transactions?

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