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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
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$82.01
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$86.32
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$102.51
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$77.45
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$75.70
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