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b) The following information is available in the market today: Currency Value of 100 yen in US dollar Value of 100 yen in Canadian

b) The following information is available in the market today: Currency Value of 100 yen in US dollar Value of 100 yen in Canadian dollar Quoted Price 0.9550-60 1.2410-30 1.3370-80 Value of US dollar in Canadian dollar If you have one million yen, explain the steps that would reflect the triangular arbitrage. (8 marks)

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