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Suppose the following exchange rates are available in three world markets A, B and C. A: /U$ = 112.73 B: Y/C$ = 88.12 C: C$/U$

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Suppose the following exchange rates are available in three world markets A, B and C. A: /U$ = 112.73 B: Y/C$ = 88.12 C: C$/U$ = 1.3113 Assume there are no transaction costs. Follow the given instructions carefully and show whether triangular arbitrage exists and compute the percentage profit possible from triangular arbitrage. un The percentage profit possible from triangular arbitrage across the three markets is: a. 22% ob.2.5% 0.0.97% d. 9.7%

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