Currently,you can exchange $1 for 100.37 yen or €0.7538 in New York.In Tokyo,the exchange rate is ¥1 = €0.0077.If you have $1,200,how much profit can you earn using triangle arbitrage?
A) $18.08
B) $25.27
C) $30.32
D) $31.50
E) $33.14
Correct Answer:
Verified
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