Question: step1, step 2, step 3, please. Swissie Triangular Arbitrage. The following exchange rates are available to you. (You can buy or sell at the stated

step1, step 2, step 3, please.

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 11,000,000. 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 91.27 /$ SF 1.05/$ 91.88/SF Calculate the first arbitrage opportunity attempt below: (Round to the nearest cent.) Attempt Number 1: Start with SF to $ Step 1: SF to $ $

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