How much profit can you earn using triangle arbitrage

Reference no: EM13263877

Currently, you can exchange $1 for 100.37 yen or €0.7538 in New York. In Tokyo, the exchange rate is ¥1 = €0.0077. If you have $1,200, how much profit can you earn using triangle arbitrage?

$18.08
$25.27
$30.32
$31.50
$33.14

Reference no: EM13263877

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