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The table below presents quotes and cross-quotes on GBP and CHF. The three steps which will create triangular arbitrage profit are as followsi first step,

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The table below presents quotes and cross-quotes on GBP and CHF. The three steps which will create triangular arbitrage profit are as followsi first step, comvert isecond step, convert , and third step, convert USD to CHF; GBP to CHF, GBP to USD USD to GBP; CHF to GBP; CHF to USD USD to CHF; CHF to GBP; GBP to USD USD to GBP, GBP to CHF; CHF to USD The table below presents quotes and cross-quotes on GBP and CHF. If the speculator has access to USD 20,000,000, calculate the maximum profit in one triangular transaction. $549,683 $565,217 513,344,816 $3,460,285

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