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PROBLEM 2: Following quotes are given by Banks A, B, and C: (You may either buy or sell at the stated rates). BankA 106.6/s Bank

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PROBLEM 2: Following quotes are given by Banks A, B, and C: (You may either buy or sell at the stated rates). BankA 106.6/s Bank B $2.08/E Bank C 166.4/E Assume you have an initial Y100,000,000. 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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