Can you make profit via trinagular arbitrage

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The following exchange rates are available to you. (you can buy or sell at the stated rates.)

Mt. Fuji Bank: ¥93.00/$

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 trinagular arbitrage? If so, show the steps and claculate the amount of profit in Swiss Francs.

Reference no: EM131878179

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