Problem, finance, Other Engineering

The following exchange rates are available to you. (You can buy or sell at the stated rates.)
Mt. Fuji Bank ¥85.00/$
Mt. Rushmore Bank SF1.356/$
Mt. Blanc Bank ¥64.74/SF
Assume that you have an initial SF10,000,000. Can you make a profit via triangular arbitrage? If so, show steps and calculate the amount of profit in Swiss francs.
Posted Date: 3/18/2012 4:35:40 AM | Location : United States







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