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Dealer 1 offers the following exchange rates: 1 USD = 0.882 CAD 1 USD = 1.303 GBP Dealer 2 offers the following exchange rates: 1
Dealer 1 offers the following exchange rates:
1 USD = 0.882 CAD
1 USD = 1.303 GBP
Dealer 2 offers the following exchange rates:
1 GBP= 0.976 CAD
What is the arbitrage profit on $91,081?
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
