Question: Answer Question 9 (1 point) Three Exchange Rates are as follows: 1) US Dollars (USD) to Canadian Dollars (CAD) at CAD 1 to USD 1.05

Answer Question 9 (1 point) Three Exchange Rates are as follows:

Answer Question 9 (1 point) Three Exchange Rates are as follows: 1) US Dollars (USD) to Canadian Dollars (CAD) at CAD 1 to USD 1.05 2) CAD to Euros (EUR) at CAD 1.37 to EUR 1 3) EUR to USD at EUR 0.72 to USD 1 Suppose you start with USD 100,000, and do one round of "triangular arbitrage, that is convert make a total of 3 foreign exchange transactions to start from USD and return to US What will be your profit in USD? Note: Proft will be Final USD amount $100,000. There are not transaction costs) Your

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