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Assume you have 600 and can exchange CAD1,058 for 600. Also assume you can exchange $1 for CAD1.0741 and 1 for $1.58. How much arbitrage
Assume you have 600 and can exchange CAD1,058 for 600. Also assume you can exchange $1 for CAD1.0741 and 1 for $1.58. How much arbitrage profit in pounds can you earn? (Ignore transaction costs.)
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