Please execute a triangular arbitrage based on the exchange rates provided below. Assume that you...
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Finance
Please execute a triangular arbitrage based on the exchange rates provided below. Assume that you start with $1,000,000, how much would be the profit of your arbitrage? List all the steps and cross-exchange rates to get full credit (12 points)
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Citi Group Bank
$1.500/
$1.600/
Mitsubishi Bank
$0.010/
$0.015/
HSBC Bank
200/
225/
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