Find the triangular arbitrage profit

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Suppose you observe the following quotes:

ACR: £=¥230

£=$1.1

¥=$.005

Find the triangular arbitrage profit (in dollars) for someone that has access to 1 million dollars.

265,000

0

45,454.55

127,000

Based on the information in the previous question, the yen will appreciate against the dollar to eliminate the arbitrage opportunity.

True

False

Reference no: EM131315745

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