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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
1.308/6
1.315/6
45S/NZS
46S/NZS
2.80 NZS/
2.82 NZS/t
Assume you have $100,000 to conduct triangular arbitrage. What is your profit from implementing
strategy? Show your work.

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