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Use the following information to answer this question. The Indian rupee to US dollar exchange rate is quoted at Bank A as INR 74 =1

Use the following information to answer this question. The Indian rupee to US dollar exchange rate is quoted at Bank A as INR 74 =1 USD. The Canadian dollar (CAD) to US dollar exchange rate is quoted at Bank B as CAD 1.3 = 1 USD. You learn that Bank C is making a direct market between the Indian rupee and the Canadian dollar INR/CAD quote of 56 INR = 1 CAD.

How much profit can an astute trader with $5,348,673 make from triangular arbitrage between Banks A, B, and C?

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