The following exchange rates are available to you. (You can buy or sell at the...
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Finance
The following exchange rates are available to you. (You can buy or sell at the stated rates.)
Mt. Fuji Bank 92.00/$
Mt. Rushmore Bank SF1.02/$
Mt Blanc Bank 90.00/SF
Assume you have an initial $10,000,000. What is the amount of profit in dollars you can make a profit via triangular arbitrage? ( in 2 decimals)
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