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Triangular arbitrage. Assume the following information:, Quoted Price,Value of Canadian dollar in U.S. dollars $.90,Value of New Zealand dollar in U.S. dollars $.30,Value of Canadian dollar in New Zealand dollars NZ$3.02,,Given this information, is triangular arbitrage possible? ,,If so explain the steps that would reflect triangular arbitrage, and compute the profit from this strategy if you had $1 million to use. What market forces would occur to eliminate any further possibilities of triangular arbitrage? ,,,

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