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Question Five: Triangular Arbitrage As of Thursday, January 6th, 2022, 09:30 pm (GMT) the following quotes apply. Currency Quote Value of GBP in USD 1.3532

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Question Five: Triangular Arbitrage As of Thursday, January 6th, 2022, 09:30 pm (GMT) the following quotes apply. Currency Quote Value of GBP in USD 1.3532 Value of NZD in USD 0.6746 Value of GBP in NZD 1.9123 Answer the following questions. Given the information above, is "triangular arbitrage possible? Why? Or why not? If it is possible, explain the steps that would reflect the "triangular arbitrage" process and compute the potential profit from this strategy if you had 1,000,000 USD at your disposal to use for this purpose

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