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The exchange rates in New Yorkare:$1=AUD1.1172and$1=0.6534 A dealer is offering aquote:AUD1= 0.922. What is the profit you can earn on$23,444using triangle arbitrage?

The exchange rates in New Yorkare:$1=AUD1.1172and$1=0.6534

A dealer is offering aquote:AUD1= 0.922.

What is the profit you can earn on$23,444using triangle arbitrage?

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