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e Tullsiny 191.278 Mt. uli Darik ML. Rushenue Mt. Blanc Bank S00 90.11/SF Celculete th9 first roitrage opportunity attempt below. Round to the nearest cent Attempt Number 1: Start with SF to $ Step 1 : SF to Swissie Triangular Arbitrage. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial SF 12,200,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in Swiss francs (Swissies) Mt. Fuji Bank Mt. Rushmore Bank Mt. Blanc Bank Y92.34/$ SF 1.06/$ Y90.17 SF The assumptions for this problem are Assumptions Beginning funds in Swiss francs (SF) Mt. Fuji Bank (yen/S) Mt. Rushmore Bank (SF/S) Matterhorn Bank (yen/SF) 12,200,000.00 92.34 1.0600 90.17 The first arbitrage opportunity attempt is calculated below: Attempt Number 1: Start with SF to $ Step 1 SF to $ Step 2: $ to yen Step 3: yen to SF $ 11,509,433.96 1,062,781,131.87 11,786,416.01 -413,583.99 SF Profit or Loss SF This attempt ends in a los:s