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You have $100,000 and are considering a triangular arbitrage strategy. You observe the following bid and ask quotes for currency exchanges: Euro (in $) Bid:

You have $100,000 and are considering a triangular arbitrage strategy. You observe the following bid and ask quotes for currency exchanges:

Euro (in $) Bid: 1.21 Ask: 1.25

Peso (in $) Bid: .10 Ask: .11

Euro in Pesos Bid: 13 Ask: 14

What profit can you earn from triangular arbitrage?

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