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You observe the following exchange rate quotes: $ 1.1830 / EUR $ 1.5240 / GBP GBP 0.7815 / EUR If you start with $ 1

  1. You observe the following exchange rate quotes:

$ 1.1830 / EUR

$ 1.5240 / GBP

GBP 0.7815 / EUR

If you start with $ 1 million, what arbitrage profit in dollars can you make using triangular arbitrage?

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