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Bank A: USD/AUD=1.43 Bank B: GBP/USD=1.23 Bank C: GBP/AUD= 1.75 If the quotes were aligned, what would be the quote for GBP/AUD? This is equivalent

Bank A: USD/AUD=1.43

Bank B: GBP/USD=1.23

Bank C: GBP/AUD= 1.75

  1. If the quotes were aligned, what would be the quote for GBP/AUD? This is equivalent to computing the cross quotation
  2. Since they are not aligned, show all numerical steps leading to a triangular arbitrage by trading 50,000 USD

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