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The exchange rates in New Yorkare:$1=AUD1.262and$1=0.7492 A dealer is offering aquote:AUD1= 0.9067. What is the profit you can earn on$11977using triangle arbitrage?

The exchange rates in New Yorkare:$1=AUD1.262and$1=0.7492

A dealer is offering aquote:AUD1= 0.9067.

What is the profit you can earn on$11977using triangle arbitrage?

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