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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). Bank A 106.6/$

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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). Bank A 106.6/$ Bank B $2.08/ Bank C 166.4/ 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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