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1. As a foreign currency trader, you observed the following quotes: EUR0.7627/USD CHF1.1806/USD EUR0.6395/CHF What steps would you take to make an arbitrage profit, and

1. As a foreign currency trader, you observed the following quotes:

EUR0.7627/USD

CHF1.1806/USD

EUR0.6395/CHF

What steps would you take to make an arbitrage profit, and how much would you profit if you have $5,000,000 available for this purpose. What EUR/CHF quote will eliminate the arbitrage opportunity?

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