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1. Suppose you are given the following spot quotes. /$: 121.330-121.338 Dkr/$: 5.5275-5.5293 Dkr/X: 0.0458-0.0462 Explain if arbitrage is possible (Find implied rates and compare

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1. Suppose you are given the following spot quotes. \/$: 121.330-121.338 Dkr/$: 5.5275-5.5293 Dkr/X: 0.0458-0.0462 Explain if arbitrage is possible (Find implied rates and compare it to actual). If arbitrage is available, how much profit could be made from a $1 million transaction

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