Exchange rates-triangular arbitrage opportunity

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Reference no: EM131863012

Suppose exchange rate of Japanese yen in US $ is $.010, exchange rate of euro in US $ is $1.34, and exchange rate of euro in Japanese yen is 139 yen and you have $100, 000 to invest. By looking the exchange rates, do you see triangular arbitrage opportunity? What is your profit or loss? SHOW WORK.

Reference no: EM131863012

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