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Suppose the following you observe the following spot exchange rates. 1 = $1.50 CAD 1 = $0.75 1 = CAD 2 Based on the rates

Suppose the following you observe the following spot exchange rates.

1 = $1.50

CAD 1 = $0.75

1 = CAD 2

Based on the rates above, is there an opportunity to use triangular arbitrage to earn a profit? Show the profit you can make assuming that you start with 10,000.

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