Question: Based on the exchanges below, please conduct a triangular arbitrage with a start fund of $10,000. Please list all the steps and calculate your arbitrage

Based on the exchanges below, please conduct a triangular arbitrage with a start fund of $10,000. Please list all the steps and calculate your arbitrage profit.

	Bid	Ask
Dollar/pound	$1.25/pound	$1.60/ pound
Dollar/Yen	$0.008/yen	$0.010/ yen
Yen/pound	80 yen/ pound	100 yen/ pound

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