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The exchange rates in New York for $1 are Can $1.0893 or .7217. In Toronto, Can$1 will buy .6715. How much profit can you earn
The exchange rates in New York for $1 are Can $1.0893 or .7217. In Toronto, Can\$1 will buy .6715. How much profit can you earn on $6,500 using triangle arbitrage? Multiple Choice $87.95 $92.58 $81.18 $83.06 $109.94
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