Calculate how much profit you would make

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Reference no: EM131316732

You are quoted the following series of exchange rates for the U.S. dollar ($), the Canadian dollar (C$), and the British pound (£):

Assuming that you have $1 million in cash, how can you take advantage of this series of exchange rates? Show the series of trades that would yield an arbitrage profit, and calculate how much profit you would make.

Reference no: EM131316732

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