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Following quotes are given by Banks A, B, and C: (You may either buy or sell at the stated rates). Bank A 82/$ Bank B
Following quotes are given by Banks A, B, and C: (You may either buy or sell at the stated rates). Bank A 82/$ Bank B $1.60/ Bank C 128/ Assume you have an initial 100,000,000. Can you make a profit via triangular arbitrage? If so, show steps and calculate the amount of profit in Japanese yen.
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