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Given the information below, identify if there is any arbitrage opportunity to be taken: ...

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Finance

Given the information below, identify if there is any arbitrage opportunity to be taken: Cross-rate trader at Deutsche Bank notices that Credit Lyonnais is buying dollar at (/) = .7893, the same as Deutsche Banks bid price. Barclays is buying British pounds at ($/) = 1.5625, as as Deutsche Bank. Credit Agricole is making a direct market between the euro and the pound, with current ask price (/) = 1.2150 Sales amount = $1,000,000

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