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The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume that you have an initial SF10,000,000. Can
The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume that you have an initial SF10,000,000. Can you make a profit via triangular arbitrage? If so, show steps and calculate the amount of profit in Swiss francs.
Mt. Fuji Bank 120.00/$
Mt. Rushmore Bank SF1.6000/$
Mt. Blanc Bank 80.00/SF
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