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Swissie Triangular Arbitrage. The following exchange rates are available to you. ( You can buy or sell at the stated rates. ) Assume you have

Swissie Triangular Arbitrage. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial SF 13,000,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (Swissies).
Mt. Fuji Bank
Mt. Rushmore Bank
Mt. Blanc Bank
93.19=$1.00
SF1.09=$1.00
91.52=SF1.00
Calculate the first arbitrage opportunity attempt below: (Round to the nearest cent.)
Calculate all the steps Attempt 1 from SF to $: from SF to $, $ to yen, yen to SF, and profit or loss. then Attempt 2Start with SF to yen, then yen to $, then $ to SF, and profit or loss.
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