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How much money can she earn

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Question - Mary is a currency trader in London who has been provided £2,000,000 with which to attempt to earn an arbitrage profit. She sees the following spot rates on her computer screen:

$1.6500/£

$.0100/¥

¥160/£

Employing triangular arbitrage, does Mary have an arbitrage opportunity and if so, how much money can she earn?

Reference no: EM132966355

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