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The following exchange rates are available to you to buy or sell. ...

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Accounting

The following exchange rates are available to you to buy or sell.

Mt. Fuji Bank

JPY120.00/USD

Mt. Rushmore Bank

CHF1.6000/USD

Mt. Blanc Bank

JPY80.00/CHF

Assume you have an initial amount of CHF10,000,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (CHF).

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