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17.2 Suppose $1 -0.85 euros in New York, 1 euro = 150 yen in Paris, and I yen - $0.008 in Tokyo. If you begin

17.2 Suppose $1 -0.85 euros in New York, 1 euro = 150 yen in Paris, and I yen - $0.008 in Tokyo. If you begin by holding $1, how could you profit from these exchange rates? What is your arbitrage profit per dollar initially traded? (6 points)

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