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The Dollar to Euro spot exchange rate is $1.3937/1.00, the Dollar to Yen spot exchange rate is $0.009259/1.00, and the Euro to Yen spot exchange
The Dollar to Euro spot exchange rate is $1.3937/1.00, the Dollar to Yen spot exchange rate is $0.009259/1.00, and the Euro to Yen spot exchange rate is 0.006836/1.00. Determine the triangular arbitrage profit that is possible if you have $3,000,000.
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