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National Bank quotes the following for the British pound and the New Zealand dollar: Bid Ask 1 . 3 0 8 / 6 1 .
National Bank quotes the following for the British pound and the New Zealand dollar:
Bid
Ask
SNZS
SNZS
NZS
NZSt
Assume you have $ to conduct triangular arbitrage. What is your profit from implementing
strategy? Show your work.
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