You observe the following exchange rate quotes: $ 1.1800 - 1.1830 / EUR $ 1.5235...
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Accounting
You observe the following exchange rate quotes:
$ 1.1800 - 1.1830 / EUR
$ 1.5235 - 1.5240 / GBP
GBP 0.7800 - 0.7815 / EUR
If you start with $ 1 million, what arbitrage profit in dollars can you make using triangular arbitrage?
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