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Assume the following information: Quoted price Value of the British pound in U.S dollars. $0.90 Value of the Thailand baht (THB) in dollars. $0.033 Value

Assume the following information:

Quoted price

Value of the British pound in U.S dollars. $0.90

Value of the Thailand baht (THB) in dollars. $0.033

Value of the British pound in Thailand baht. THB28.27

Given this information, is triangular arbitrage possible? if so, explain the steps that would reflect triangular arbitrage, and compute the profit from this strategy if you had $1,000,000 to use. What market forces would occur to eliminate any further possibilities of triangular arbitrage?

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