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The Nigerian nira versus the US dollar is 7 to 1, i.e., 7 nira buy one dollar. The ER between the Swiss franc and the

The Nigerian nira versus the US dollar is 7 to 1, i.e., 7 nira buy one dollar. The ER between the Swiss franc and the US dollar is one to one. Finally, the nira trades 7.02 per one Swiss franc. What kind of triangular arbitrage will induce a profit for you? Assume you start with $1 million.

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