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Use the following 3 quotations for the following 3 questions on triangular arbitrage Quotation 1: AUD: USD0.74942 Quotation 2: USD: JPY100 Quotation 3: AUD: JPY84

Use the following 3 quotations for the following 3 questions on triangular arbitrage

Quotation 1: AUD: USD0.74942

Quotation 2: USD: JPY100

Quotation 3: AUD: JPY84

Use 4 numbers after decimal place.

1. If you start with JPY 100,000,000 , what is the percentage rate of return after 1 round of arbitrage? dont put percentage sign in your answer. If you answer is 5.67%, simply put 5.67

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