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Assume the following information: Exchange rate of Japanese yen in U.S. $ = $.011 Exchange rate of euro in U.S. $ = $1.40 Exchange rate

Assume the following information:

Exchange rate of Japanese yen in U.S. $ =

$.011
Exchange rate of euro in U.S. $ =

$1.40
Exchange rate of euro in Japanese yen =

140 yen

What will be the yield for an investor who has $1,000,000 available to conduct triangular arbitrage?

$100,000

-$90,909

10%

-9.09%

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