Is there any opportunity for an arbitrage

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Reference no: EM132502305

Bank XYZ quotes the following for the GBP and the Canadian dollar:

Bid Price Ask Price

GBP/USD $1.31 $1.33

CAD/USD $.75 $.76

GBP/CAD $1.74 $1.76

Is there any opportunity for an arbitrage? If yes, what kind of arbitrage is that? How can you benefit from it if you have one million dollars? What will be your profit or loss?

Reference no: EM132502305

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