Exchange rate arbitrage) You own $8,000. The dollar spot rate in Tolyo is 215.3797 vis. The yen rase in New York is given in the following takie: urbitrage scheme with your capital. What is the gain (loss) in dollars? Hint Compare the Tokyo's direct quote with the New York's indirect quote. Assuming no transaction costs, the rate between Tokyo and New York are out of line. Therefore, arbitrage profts are possible." It the above statement true or false? (Solect from the drop-down menu) he yen is cheaper in (Select from the drop-down menu) he amount of yen you could buy in Tokyo tor $8,000 is yen. (Round to the neareat whole number.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.)