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You have $190,000. Below are quotes for the Japanese yen from two banks: Bank Bid Ask Alpha Bank $0.00874 $0.00877 Delta Bank $0.0088 $0.00885 1.

You have $190,000. Below are quotes for the Japanese yen from two banks:

Bank Bid Ask
Alpha Bank $0.00874 $0.00877
Delta Bank $0.0088

$0.00885

1. How many yen can you buy?

2. How many dollars will you get from selling the yen?

3. What is your profit from exploiting this opportunity once (in $)?

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