Calculate the amount of profit in japanese yen

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Reference no: EM131512014

Following quotes are given by Banks A, B, and C: (You may either buy or sell at the stated rates). Bank A ¥82/$ Bank B $1.60/£ Bank C ¥128/£ Assume you have an initial ¥100,000,000. Can you make a profit via triangular arbitrage? If so, show steps and calculate the amount of profit in Japanese yen.

Reference no: EM131512014

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