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10 points 17. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial

10 points 17. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial 1 million dollars. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in dollars. Mt. Eta Bank $1.29420/GBP Mt. Blanc Bank Eurol.18413/GBP Mt. Rushmore Bank $1.0920/euro

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