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Bank XYZ provides the following exchange rate quotes. Assuming you have $ 1 , 0 0 0 to invest in triangular arbitrage, what is your

Bank XYZ provides the following exchange rate quotes. Assuming you have $

1, 000

to invest in triangular arbitrage, what is your profit or loss from engaging in triangular arbitrage?

USD

/

CAD

0.78

USD

/

EUR

1.16

EUR

/

CAD

0.69

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