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Three Exchange Rates are as follows: 1) US Dollars (USD) to Japanese Yens (JYP) at JPY 95 to USD1 2) JPY to Euros (EUR) at

Three Exchange Rates are as follows:

1) US Dollars (USD) to Japanese Yens (JYP) at JPY 95 to USD1

2) JPY to Euros (EUR) at JPY 124 to EUR 1

3) EUR to USD at EUR 0.72 to USD 1

Suppose you start with USD 100,000, and do one round of"triangular arbitrage", that is convert make a total of 3 foreignexchange transactions to start from USD and return to USD. Whatwill be your profit in USD

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