The exchange rates in New York for $1 are C$1.2381 and £0.6789. In Toronto, C$1 will buy £0.5487. How much profit can you earn on $10,000 using triangle arbitrage?
A) $6.56
B) $6.88
C) $6.97
D) $7.03
E) $7.11
Correct Answer:
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