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markets, the following quotes are avai riangular Arbitrage. In the London currency able: EURUSD 1.50 and EURCAD 1.6. In the New York currency markets the

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markets, the following quotes are avai riangular Arbitrage. In the London currency able: EURUSD 1.50 and EURCAD 1.6. In the New York currency markets the CAD trading at CADUSD- 0.9. Explain how an arbitrager can exploit this situation. If the arbitrager can employ USD 1,000 (or its equivalent in another currency) toward this strategy, how much would the arbitrager end with? markets, we find

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