How could he make money from these exchange rates

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Reference no: EM131616441

Suppose that yen 1 = $0.0085 in London, euro 1 = $1.1418 in New York, and euro 1 = yen 136.45 in Paris. If an investor begins by holding yen 1,000,000, how could he make money from these exchange rates? Ignore the transaction costs and determine the amount of profit.

Reference no: EM131616441

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