Using triangle arbitrage, What is the profit you can earn

Using triangle arbitrage

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Reference no: EM131929553

The exchange rates in New York are: $1 = AUD 1.2706 and $1 = £0.8413

A dealer is offering a quote: AUD 1 = £0.8897.

What is the profit you can earn on $7,948 using triangle arbitrage?

Reference no: EM131929553

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