Determine the triangular arbitrage profit

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The Dollar to Euro spot exchange rate is $1.4909/1.00, the Dollar to Yen spot exchange rate is $0.009346/1.00, and the euro to Yen spot exchange rate is 0.006501/1.00. Determine the triangular arbitrage profit that is possible if you have $8,000,000.

Reference no: EM131524866


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