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Suppose you observe the following exchange rates: 0.80$/; 1.60$/; and 0.5/. Which of the following is true? We can have 2.2% arbitrage profit There is

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Suppose you observe the following exchange rates: 0.80$/; 1.60$/; and 0.5/. Which of the following is true? We can have 2.2% arbitrage profit There is no arbitrage profit. We can have 3.8% arbitrage profit. We can have 6.5% arbitrage profit

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