Question: This assignment is for no arbitrage for 3 currencies (no bid-ask spread). Suppose that you saw Bank of Austria has a quote for Euro/USD at

This assignment is for no arbitrage for 3 currencies (no bid-ask spread). Suppose that you saw Bank of Austria has a quote for Euro/USD at 0.8885 and Bank of Tokyo has a Yen/Euro at 135.55. You also saw Bank of America has a quote for Yen/USD 121.25. You have access to $10,000,000 USD (or Euro equivalent), show how much money you can make from an arbitrage operation.

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