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Questions 4 to 6 are based on the following information: Suppose currently there are three banks offering the following quotes on Can$, USD and UK

Questions 4 to 6 are based on the following information: Suppose currently there are three banks offering the following quotes on Can$, USD and UK : $1.2/Can$, Can$1.6/, and $2/. Suppose you are a dollar-based arbitrager who has $10,000. The implied exchange rate between USD and is $ /. (Please leave 2 decimal points and use direct quote from US perspective)

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