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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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