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Money and foreign exchange markets in New York Spot exchange rate One year treasury rate Expected inflation rate New York Yuan 7 USS 3. What does the Fisher Open suust the Yuan b. In e r Open sust the Yus currency would you prefer to u re be a d 17. 10 points The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial 1 million dollars. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in dollars. Mt. Eta Bank $1.29420/GBP Mt. Blanc Bank Euro 1.18413/GBP Mt. Rushmore Bank $1.0920/euro Money and foreign exchange markets in New York Spot exchange rate One year treasury rate Expected inflation rate New York Yuan 7 USS 3. What does the Fisher Open suust the Yuan b. In e r Open sust the Yus currency would you prefer to u re be a d 17. 10 points The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial 1 million dollars. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in dollars. Mt. Eta Bank $1.29420/GBP Mt. Blanc Bank Euro 1.18413/GBP Mt. Rushmore Bank $1.0920/euro