Triangular Arbitrage You obtain the following quotes from different banks. One bank is willing to buy or sell Argentine pesos at an exchange rate of $.31 per peso. A second bank is willing to buy or sell Chinese yuan at an exchange rate of 8 yuan per dollar.

A third bank is willing to exchange Chinese yuan at an exchange rate of 2.5 yuan per Argentina peso. Show how you can make a profit from triangular arbitrage and what your profit would be if you had $1,000,000.