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Whats the answer to attempt 2 Swissie Triangular Arbitrage. Mt. Fuji Bank Mt. Rushmore Bank Mt. Blanc Bank The following exchange rates are available to

Whats the answer to attempt 2
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Swissie Triangular Arbitrage. Mt. Fuji Bank Mt. Rushmore Bank Mt. Blanc Bank The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial SF 1 1 Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (Swissies). SF 1.05=$1.OO %90.23 = SFI .00 Calculate the first arbitrage opportunity attempt below. (Round to the nearest cent.) Attempt Number 1: Start with SF to $ step 1 : SF to $ Step 2: $ to yen

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