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A corporate treasurer has been given the following exchange rate quotes. How much arbitrage profit...

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Finance

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A corporate treasurer has been given the following exchange rate quotes. How much arbitrage profit can the treasure make starting with $ 500,000? Argentine Peso 95 / $ Argentine Peso 10.5 / Turkish Lira $ 0.15 / Turkish Lira You have asked around and found the following quotes for Yuan: Bank of America: $ 0.19 Yuan Santander's : $ 0.13 Yuan Capital One: $ 0.14 Yuan How much arbitrage profit can you make starting with $ 12,677? Provide your answer rounded to the nearest dollar

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