Assume you have an initial sf12000000 can you make a profit, Financial Management

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Assume you have an initial sf12000000 can you make a profit

The following exchange rates are available to you. (you can buy or sell at the stated rates.)

Mt. Fuji Bank: ¥93.00/$

Mt. Rushmore Bank: SF1.02/$

Mt Blanc Bank: ¥90.00/SF

Assume you have an initial SF12,000,000. Can you make a profit via trinagular arbitrage? If so, show the steps and claculate the amount of profit in Swiss Francs.

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Financial Management: Assume you have an initial sf12000000 can you make a profit

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Financial Management: Assume you have an initial sf12000000 can you make a profit

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