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Assume that you can buy 250 Canadian dollars with 100 British pounds. Show how advantage...

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Accounting

Assume that you can buy 250 Canadian dollars with 100 British pounds. Show how advantage can be taken by triangular arbitrage if given the following exchange rates? Assume that you start out with British pounds. Show the work.

COUNTRY US $ Equivalent

Currency per US $
Canada ? 1.3500
U.K 1.8305 ?

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