1. Hewitt Bank quotes a value for the Japanese yen () of $0.008, and a value for the Canadian Dollar (C$) of $0.821. The cross exchange rate quoted by the bank for the Canadian dollar is 118.00. You have $5,000 to conduct triangular arbitrage. How much will you end up with if you conduct triangular arbitrage?

Group of answer choices

Triangular arbitrage is not possible in this case.

$5,030.45

$6,053.27

$5,749.09

$6,090.13