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The following exchange rates are available to you (You can buy or sell at the stated rates). Assume you have an initial 10 million U.S.

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The following exchange rates are available to you (You can buy or sell at the stated rates). Assume you have an initial 10 million U.S. Dollars. Can you make a profit via triangular arbitrage? If so, explain how and calculate your profit in U.S. Dollars. Show your work Mt. Eta Bank USD1.4160/GBP Mt. Blanc Bank CHF1.324/GBP Mt. Rushmore Bank USD 1.0723/CHF

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