Calculate the amount of profit in swiss francs

Reference no: EM132189962

Question - 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 SF12,000,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (Swissies).

Reference no: EM132189962

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