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 $1,000, how much profit can you earn using triangle arbitrage?
A) $18.08
B) $25.27
C) $27.91
D) $32.50
E) $33.14
Correct Answer:
Verified
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