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Given the following exchange rates, what arbitrage profit is available if you have $1 million?...

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Question

Accounting

Given the following exchange rates, what arbitrage profit is available if you have $1 million? 129.87/$, 1.1226/$, 115.74/

Select one:

a. $878

b. $460

c. $259,652

d. -$460

Answer & Explanation Solved by verified expert
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