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QUESTION
Suppose $1 = 103 yen in New York, $1 = 0.9 euros in London, and one euro = 115 yen in Tokyo. A speculator with $1 million would get a profit of _____...
Suppose $1 = 103 yen in New York, $1 = 0.9 euros in London, and one euro = 115 yen in Tokyo. A speculator with $1 million would get a profit of _____ by engaging in a 3-point arbitrage.
