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Short 5 Marks Questions: HSBC Bank offered you following rates in the money market. You have $5,000. Can you use triangular arbitrage to generate a

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Short 5 Marks Questions: HSBC Bank offered you following rates in the money market. You have $5,000. Can you use triangular arbitrage to generate a profit? If so, explain the order of the transactions that you would execute, and the profit that you would earn. If you cannot earn a profit from triangular arbitrage, explain why. [2+2+1 Marks ]

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