Question: Please execute a triangular arbitrage based on the exchange rates provided below. Assume that you start with $1,000,000, how much would be the profit of
Please execute a triangular arbitrage based on the exchange rates provided below. Assume that you start with $1,000,000, how much would be the profit of your arbitrage? List all the steps and cross exchange rates to get full credit.
Bid Ask Citi Group Bank $1.500/ $1.600/ Mitsubishi Bank $0.010/$0.015/ HSBC Bank 200/ 225/
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