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Given the following information, is there an arbitrage opportunity? What type? Explain your answer and compute the profit from this strategy if you had GBP

Given the following information, is there an arbitrage opportunity? What type? Explain your answer and compute the profit from this strategy if you had GBP 1,000,000 to invest.

Quoted Price

CADGBP

GBP0.60

NZDGBP

GBP0.20

CADNZD

NZD3.02

Canadian dollar (CAD), New Zealand dollar (NZD),

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