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Currently, you can exchange $1 for 105 yen or 0.74 in New York. In Tokyo, the exchange rate is 1 = 0.0075. If you have
Currently, you can exchange $1 for 105 yen or 0.74 in New York. In Tokyo, the exchange rate is 1 = 0.0075. If you have $1,000, how much profit can you earn using triangle arbitrage? (Please explain the calculation.)
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