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You go to a bank and are given these quotes: You can buy a euro for 11 pesos. The bank will pay you 10 pesos

You go to a bank and are given these quotes:

You can buy a euro for 11 pesos.

The bank will pay you 10 pesos for a euro.

You can buy a U.S. dollar for 0.81 euros.

The bank will pay you 0.76 euros for a U.S. dollar.

You can buy a U.S. dollar for 10 pesos.

The bank will pay you 9 pesos for a U.S. dollar.

You have $5,000. Compute the profit that you would earn using triangular arbitrage. you can generate a profit by converting dollars to pesos, and then pesos to euros, and then euros to dollars.

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