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QUESTION
The Dollar to Euro spot exchange rate is $1.3937/1.00, the Dollar to Yen spot exchange rate is $0.009259/1.00, and the Euro to Yen spot exchange rate...
The Dollar to Euro spot exchange rate is $1.3937/€1.00, the Dollar to Yen spot exchange rate is $0.009259/¥1.00, and the Euro to Yen spot exchange rate is €0.006836/¥1.00. Determine the triangular arbitrage profit that is possible if you have $3,000,000.
