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. Is triangular arbitrage achievable given the facts below? If yes, describe the processes that

would represent triangle arbitrage. Then, assuming you had $1,000,000 at your disposal,

calculate the profit from this technique. Describe the market forces that will take place to

eliminate any remaining chances of triangular arbitrage.

Quoted price

Value of Canadian dollar in Us dollars

$0.9

Value of New Zealand dollar in US dollars

$0.3

Value of Canadian dollar in New Zealand dollars

NZ$3.02