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Set out below is a table of cross rate: Particulars GBP EUROYEN UNITED KINGDOM - 1.1410 132.8 EUROPEAN-EURO 0.8654 . 116.3 JAPANESE YEN 10.0072 0.0084

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Set out below is a table of cross rate: Particulars GBP EUROYEN UNITED KINGDOM - 1.1410 132.8 EUROPEAN-EURO 0.8654 . 116.3 JAPANESE YEN 10.0072 0.0084 - You have GBP 100,000. i. Can you make arbitrage opportunities between GBP, YEN and EURO? Will the speculator get profit in which location? ii. Can you make arbitrage opportunities between GBP, EURO and YEN? Will the speculator get profit in which location? iii. Explain the arbitrage process in detail

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