You obtain the following quotes from different banks. one bank is

You obtain the following quotes from different banks. One bank is willing to buy or sell Japanese yen at an exchange rate of 110 yen per dollar. A second bank is willing to buy or sell the Argentino peso at an exchange rate of .37 per peso. A third bank is willing to exchange Japanese yen at an exchange rate of 1 argentino 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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