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What is the profit you can earn

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Reference no: EM131487110

The exchange rates in New York are: $1 = AUD 1.1795 and $1 = £0.7243

A dealer is offering a quote: AUD 1 = £0.9112.

What is the profit you can earn on $28,453 using triangle arbitrage?

Enter your answer round off two two decimal points.

Reference no: EM131487110

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