Question

In New York, you can exchange $1 for ¥114 or £0.7937. In London, £1 costs ¥147....

In New York, you can exchange $1 for ¥114 or £0.7937. In London, £1 costs ¥147. How much profit can you earn on $3,400 using triangle arbitrage?

a.

$53.59

b.

$84.24

c.

$79.75

d.

$62.68

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