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Suppose the following bilateral spot exchange rates are being quoted for the Danish Krone (DKK), the US dollar (US$) and the euro (): US$/ =

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Suppose the following bilateral spot exchange rates are being quoted for the Danish Krone (DKK), the US dollar (US$) and the euro (): US$/ = 1.5 DKK/ = 7.0 DKK/$ = 5.0 If you start with 100, the most you could end up with in a single round of triangular arbitrage would be... 98.66 Correct! 107.14 93.33 103.25

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