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Suppose $1 = 115 yen in New York, $1 = 1.8 euros in London, and one euro = 80 yen in Tokyo. A speculator with
Suppose $1 = 115 yen in New York, $1 = 1.8 euros in London, and one euro = 80 yen in Tokyo. A speculator with $1 million would get a profit of _____ by engaging in a 3-point arbitrage (you may try different options and see which one gives you most profit-considering buy low sell high)
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