8 S for Foreign Currencies in New York Country- Currency Canada- dollar Contract Spot 30-day 90-day Spot 30-day 90-day S/Foreign 0.8450 0.8415 0.8390 0.004700 0.004750 0.004820 Japan- yer a. An American business needs to pay 15,000 Canadian dollars b. An American business pays $2,000 to a supplier in Japan now. Hou c. You own $10,000. The dollar rate in Tokyo is 216.6752. The yen rate in Nevw now to its business abroad. What is the dollar payment? yen, does the supplier receive? given in the preceding table. Are arbitrage profits possible? Assume no transaction costs. Set up an arbitrage sche me with your capital. What is the gain (loss) in dollars