The following exchange rates are available to you. (you can buy or sell at the stated rates.)
Mt. Fuji Bank: ¥93.00/$
Mt. Rushmore Bank: SF1.02/$
Mt Blanc Bank: ¥90.00/SF
Assume you have an initial SF12,000,000. Can you make a profit via trinagular arbitrage? If so, show the steps and claculate the amount of profit in Swiss Francs.