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The following exchange rates are available to you to buy or sell. Mt. Fuji Bank JPY120.00/USD Mt. Rushmore Bank CHF1.6000/USD Mt. Blanc Bank JPY80.00/CHF Assume
The following exchange rates are available to you to buy or sell.
Mt. Fuji Bank | JPY120.00/USD |
Mt. Rushmore Bank | CHF1.6000/USD |
Mt. Blanc Bank | JPY80.00/CHF |
Assume you have an initial amount of CHF10,000,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (CHF).
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