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Assume you have 520 and can exchange CAD904 for 520. Also assume you can exchange $1 for CAD1.07 and 1 for $1.61. How much arbitrage

Assume you have 520 and can exchange CAD904 for 520. Also assume you can exchange $1 for CAD1.07 and 1 for $1.61. How much arbitrage profit in pounds can you earn? (Ignore transaction costs.) 4.91 4.76 4.62 4.50 4.39

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