How much profit can you earn on given amount

Reference no: EM132013883

Question: In New York, you can exchange $1 for 0.8026 or 0.6149. Suppose that, in Berlin, 1 costs 1.1814. How much profit can you earn on $40, 116 using triangle arbitrage? Enter your answer rounded off to two decimal points. Do not enter S or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM132013883

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