Assume the exchange rates in new york for 1 are c11382 and, Finance Basics

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Assume the exchange rates in new york for 1 are c11382 and

Question: Assume the exchange rates in New York for $1 are C$1.1382 and £.6387 while in Toronto, C$1 will buy £.5612. How much profit can you earn on $10,000 using triangle arbitrage? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Assume the exchange rates in new york for 1 are c11382 and

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