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Suppose the followine you observe the following spot exchange rates. 1=$1.60CAD1=$0.851=CAD22 Based on the rates above, is there an opportunity to use triangular arbitrage to

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Suppose the followine you observe the following spot exchange rates. 1=$1.60CAD1=$0.851=CAD22 Based on the rates above, is there an opportunity to use triangular arbitrage to eam a profit? Show the profit you can make assuming that. you start with 10,000

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