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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 an

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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 an initial SF 11,400,000. 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 92.56 $1.00 Mt. Rushmore Bank Mt. Blanc Bank SF 1.06 $1.00 88.59 SF1.00 Calculate the first arbitrage opportunity attempt below: (Round to the nearest cent.) Attempt Number 1: Start with SF to $ Step 1: SF to $ Step 2: $ to yen Step 3: yen to SF $ 10,754,716.98 \ 995,456,603.67 SF 11,236,670.09 SF -163,329.91 Profit or Loss This attempt ends in a loss (Select from the drop down-menu.) The second arbitrage opportunity attempt is calculated below: (Round to two decimal places.) Attempt Number 2: Start with SF to yen Step 1: SF to yen

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