Question: 2 . You have $ 4 3 , 0 0 0 and observe the following exchange rates: Exchange rate Bid Ask Value of euro in

2. You have $43,000 and observe the following exchange rates:
Exchange rate Bid Ask
Value of euro in U.S. dollars $1.13 $1.14
Value of Swiss franc in U.S. dollars $1 $1.01
Value of euro in Swiss francs CHF1.08 CHF1.09 What is your profit from exploiting the opportunity once (in $)?

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