Currently you can exchange 1 for 105 yen or euro074 in new


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.)

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Financial Management: Currently you can exchange 1 for 105 yen or euro074 in new
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