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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 $1,000,000. Can you
The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial $1,000,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate thew amount of profit in Dollars. Bank A Bank B Bank C SFr1.5971$ A$1.8215/$4 A$1.1440/SFr
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