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You notice the following quotes in the foreign exchange market: $.006/ 1.25/$ ACR: .005/ Find the maximum triangular arbitrage profit available to you (in dollars)

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You notice the following quotes in the foreign exchange market: $.006/ 1.25/$ ACR: .005/ Find the maximum triangular arbitrage profit available to you (in dollars) if you have access to $15 million at a 2% interest rate. Round intermediate steps to four decimals. 0 0 0 3,100,000 7 500,000 O 7,200.000 5 point IRP suggests that forward premiums and discounts should approximately equal the interest rate differential between two countries. True False

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