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Q.4 Foreign exchange markets (10pts) Show if it is possible to exploit a triangular arbitrage from the following data: -Initial amount: EUR1000000 -EUR1.1555/GBP, GBP0.86543/EUR; -USD1.5386/GBP,

Q.4 Foreign exchange markets (10pts)
Show if it is possible to exploit a triangular arbitrage from the following data:
-Initial amount: EUR1000000
-EUR1.1555/GBP, GBP0.86543/EUR;
-USD1.5386/GBP, GBP0.64994/USD;
-USD1.3091/EUR, EUR0.76388/USD;

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