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The following exchange rates are available to you. (You can buy or sell at the stated rates.) Mt. Fuji Bank Mt. Rushmore Bank Mt Blanc

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The following exchange rates are available to you. (You can buy or sell at the stated rates.) Mt. Fuji Bank Mt. Rushmore Bank Mt Blanc Bank $92.00/S SF1.02/$ Y90.00/SF Assume you have an initial SF12,000,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (Swissies)

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