Question: 1 2 . Suppose the $ / exchange rate is $ 1 . 0 7 3 9 = 1 . 0 , the Yen /

12. Suppose the $/ exchange rate is $1.0739=1.0, the Yen/ exchange rate is 160.69(1 will purchase 160.69 yen), and the US $ will purchase 150.62 yen. In this scenario arbitrage is possible. What is the potential profit per $1,000,000 US if one conducts triangular arbitrage?

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