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You obtain the following quotes from different banks. One bank is willing to buy or sell Japanese yen at an exchange rate of 1.10 yen per dollar. A second bank is willing to buy or sell the Argentine peso at an exchange rate of $0.37 per peso. A third bank is willing to exchange Japanese yen at an exchange rate of 1 Argentine peso - 40 yen. Show how you can make a profit from triangular arbitrage and what your profit would be if you had $1,000,000.

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