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The exchange rates in New York for $1 are Can$1.0881 or .7207. In Toronto, Can$1 will buy .6714. How much profit can you earn on

The exchange rates in New York for $1 are Can$1.0881 or .7207. In Toronto, Can$1 will buy .6714. How much profit can you earn on $6,000 using triangle arbitrage?

Multiple Choice

  • $82.01

  • $86.32

  • $102.51

  • $77.45

  • $75.70

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