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Consider the exchange rates from UBS Bank below. Create a triangle arbitrage. Ignore Bid-Ask spreads. What is the correct cross-rate for EUR/GBP? Inputs UBS Bank

Consider the exchange rates from UBS Bank below. Create a triangle arbitrage. Ignore Bid-Ask spreads. What is the correct cross-rate for EUR/GBP?

*Inputs*
UBS Bank
USD/GBP	USD/EUR	EUR/GBP
1.1900	1.0500	1.1000

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