In New York, you can exchange $1 for 0.7778 or 0.6619. Suppose that, in Berlin, 1 pound
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Question:
In New York, you can exchange $1 for €0.7778 or £0.6619. Suppose that, in Berlin, 1 pound costs €1,151.
How much profit can you make on $17,120 using triangle arbitrage?
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