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You are a US-based treasurer with USD 1250000 to invest. Your bank quotes the following exchange rates: USD 00/EUR and EUR 1.25/GBP and GBP 0.64/USD.

  1. You are a US-based treasurer with USD 1250000 to invest. Your bank quotes the following exchange rates: USD 00/EUR and EUR 1.25/GBP and GBP 0.64/USD. What is your arbitrage profit in USD if you take advantage of triangular arbitrage?

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