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Please show calculation. Given the following spot rates A$0.5375/, 0.8207/, and 1.5280/A$, what is the intermarket arbitrage profit in dollars when using A$1,000,000? Profit =
Please show calculation.
Given the following spot rates A$0.5375/, 0.8207/, and 1.5280/A$, what is the intermarket arbitrage profit in dollars when using A$1,000,000?
Profit = ___________
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