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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

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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 11,700,000. 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 90.98/$ SF 1.05/$ 91.59 / SF Calculate the first arbitrage opportunity attempt below: (Round to the nearest cent.) Attempt Number 1: Start with SF to $ Step 1 : SF to $ $

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