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Assume the exchange rate between the US Dollar and the Argentinian Peso is 0.38 AR Peso and that the exchange between the Argentinian Peso and

Assume the exchange rate between the US Dollar and the Argentinian Peso is 0.38 AR Peso and that the exchange between the Argentinian Peso and the South African Rand is 0.34 AR Peso Rand If there is no arbitrage opportunity what is the exchange rate between the Rand and the US Dollar Rand?

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