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Part 2 Section A: You are considering conducting triangular arbitrage given the following rates: 1/$1.3, 1/0.8, and 1/$1.4 Show how you would conduct triangular arbitrage

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Part 2 Section A: You are considering conducting triangular arbitrage given the following rates: 1/$1.3, 1/0.8, and 1/$1.4 Show how you would conduct triangular arbitrage and provide the amount of potential profit if any. How do you think your answer would change if the bid-ask spread was considered

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