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  • 27-05-2023
  • Business
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You are given the following series of exchange rates for the US dollar $, the Canadian dollar CS and the British pound £: $0.6000/CS; $1.2500/£; C$2.5000/£. Assuming that you have $1,000,000 in cash, show how you can take advantage of this series of exchange rates and the profit you would make.

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