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) Citibank has provided the following quotations for the U.S. dollar and the Japanese yen: Bid price Ask price Japanese yen in U.S dollars $0.0085

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) Citibank has provided the following quotations for the U.S. dollar and the Japanese yen: Bid price Ask price Japanese yen in U.S dollars $0.0085 $0.0086 Thai baht in Japanese yen 2.69 2.70 Determine the profit/loss you by engaging in triangular arbitrage with $100,000. (Hint: Sell your dollars for baht, buy yen with your baht, sell yen for dollars.] Profit/loss in U.S$ = $

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