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The following quotations are available to you. CAD 1.2076/USD, Euro 0.8138/USD, CAD1.5/Euro Assume that you have an initial $1,000,000. is triangular arbitrage possible? if so

The following quotations are available to you.

CAD 1.2076/USD, Euro 0.8138/USD, CAD1.5/Euro

Assume that you have an initial $1,000,000. is triangular arbitrage possible? if so explain the steps and compute your profit.

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