How much profit can you earn using triangle arbitrage

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Reference no: EM13935145

Currently, you can exchange $1 for 105 yen or €0.74 in New York. In Tokyo, the exchange rate is ¥1 = €0.0075. If you have $1,000, how much profit can you earn using triangle arbitrage? (Please explain the calculation.)

Reference no: EM13935145

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