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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 initinal

Swissie Triangular Arbitrage. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initinal SF11,400,000. 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

93.61/$

Mt. Rushmore Bank

SF1.08/$

Mt. Blanc Bank

88.17/SF

Calculate the first and the second arbitrage opportunity attempt below:(Round to the nearest cent.)

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