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10. Swissie Triangular Arbitrage. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an

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10. Swissie Triangular Arbitrage. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial SF 11,200,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (Swissies). Mt. Fuji Bank Mt. Rushmore Bank Mt. Blanc Bank 93.71/$ SF 1.04/$ 91.51 / SF Calculate the first arbitrage opportunity attempt below: (Round to the nearest cent.) Attempt Number 1: Start with SF to $ Step 1: SF to $ $ Step 2: $ to yen W Step 3: yen to SF SF Profit or Loss SF This attempt ends in a (1) (Select from the drop down-menu.) The second arbitrage opportunity attempt is calculated below: (Round to two decimal places.) Attempt Number 2: Start with SF to yen Step 1 : SF to yen Step 2: yen to $ $ Step 3: $ to SF SF Profit or Loss SF This attempt ends in a (2) (Select from the drop-down menu.) (2) (1) O profit O loss profit O loss

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