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Consider the following quotes: Yen per Pound: 256 Yen per dollar: 180 Dollar per pound: 1.5 Suppose 1 million dollars invested Is there any possibility
- Consider the following quotes:
Yen per Pound: 256
Yen per dollar: 180
Dollar per pound: 1.5
Suppose 1 million dollars invested
Is there any possibility of triangular arbitrage? Why or why not? If yes, what is the arbitrage profit?
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