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QUESTION 4 (10 MARKS) Given this information. Is triangular arbitrage possible? If so, explain the steps that would reflect triangular arbitrage and compute the profit

QUESTION 4 (10 MARKS)

Given this information. Is triangular arbitrage possible? If so, explain the steps that would reflect triangular arbitrage and compute the profit from this strategy if you had $1,000,000 to use.

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Value of Canadian dollar in US dollars $0.90 Value of New Zealand dollar in US dollars $ 0.30 Value of Canadian dollar in New Zealand dollars NZ$ 3.02

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