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Intro You have $30,000 and observe the following exchange rates: Exchange rate Bid Ask Value of yen in U.S. dollars $0.0082 $0.0083 Value of Canadian

Intro

You have $30,000 and observe the following exchange rates:

Exchange rate Bid Ask

Value of yen in U.S. dollars $0.0082 $0.0083

Value of Canadian dollar in U.S. dollars $0.76 $0.77

Value of yen in Canadian dollars C$0.0114
C$0.0116

Part 1

What is your profit from exploiting the opportunity once (in $)?

Exchange rate	Bid	Ask
Value of yen in U.S. dollars	$0.0082	$0.0083
Value of Canadian dollar in U.S. dollars	$0.76	$0.77
Value of yen in Canadian dollars	C$0.0114	C$0.0116

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