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1. Please choose a futures contract on foreign currency which is traded in US market or in any other country and identify if there is

1. Please choose a futures contract on foreign currency which is traded in US market or in any other country and identify if there is an arbitrage opportunity for this futures contract. If yes, please specify your arbitrage strategy and cash flow. If no, please explain. For any information you use for this futures contract and for your calculation, please provide the information source and snapshot pictures if necessary. Please use 3-month Treasury bill rate as risk free rate. (12 points).

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