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Arbitrage funds available $ 1 0 0 , 0 0 0 Spot rate ( Yen / Dollar ) 1 5 4 . 1 0 3

Arbitrage funds available $100,000
Spot rate (Yen/Dollar)154.10
3-month forward rate (Yen/dollar)152.80
3-month U.S. dollar interest rate 4%
3-month Japanese yen interest rate 2%
Is CIA profit possible?

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