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you are looking for a triangular arbitrage opportunity using $1,000,000 after given the following exchange rates, bank of america £ 1.9025 / us$ dominion bank c$ 1.2646/us$ citicorp £ 1.5214/c$ (round you numbers so they have 4 decimal places) for these questions you decide to look for an arbitrage opportunity by calculating the c$/us$ implied cross rate. what is it?

Sagot :

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