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Suppose you observe the following spot quotes for Canadian dollars and pounds. What is the maximum...

Suppose you observe the following spot quotes for Canadian dollars and pounds. What is the maximum profit you could earn (in terms of Canadian dollars) via locational arbitrage if you have C$10,000,000 at your disposal? Round intermediate steps to four decimals and your final answer to two decimals. Do not use currency symbols or words when entering your answer. Bank X: C$1.1155-65 Bank Y: £.8890-92

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