International Bank quotes a value for the Japanese yen () of $0.007, and a value...
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International Bank quotes a value for the Japanese yen () of $0.007, and a value for the Canadian dollar (C$) of $0.821. The cross exchange rate quoted by the bank for the Canadian dollar is 118.00. You have $65,500 to conduct triangular arbitrage. Is triangular arbitrage possible? How much will you end up with if you conduct this arbitrage?. Show all steps
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