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You have $ 3 6 , 0 0 0 and observe the following exchange rates: Exchange rate Bid Ask Value of yen in U .

You have $36,000 and observe the following exchange rates:
Exchange rate Bid Ask
Value of yen in U.S. dollars $0.008 $0.0081
Value of Canadian dollar in U.S. dollars $0.74 $0.75
Value of yen in Canadian dollars C$0.0114 C$0.0116
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Part 1
What is your profit from exploiting the opportunity once (in $)?

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