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The exchange rates in New York for $1 are Can$1.1037 or .7337. In Toronto, Can$1 will buy .6736. How much profit can you earn on

The exchange rates in New York for $1 are Can$1.1037 or .7337. In Toronto, Can$1 will buy .6736. How much profit can you earn on $12,500 using triangle arbitrage?

Multiple Choice

$166.15

$174.89

$153.37

$156.92

$207.69

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