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10. According to the data below calculate the cross currency arbitrage opportunity. What is the minimum Forward (FWD) exchange rate which would offer an arbitrage

10. According to the data below calculate the cross currency arbitrage opportunity. What is the minimum Forward (FWD) exchange rate which would offer an arbitrage gain?

On February 9, 2021 USD/TRY 7.0852 7.0878

FWD USD/TRY 1221 8.1500 8.1600 (settlement on December 31st )

TRLIBOR 17.2500 18.1116

USDLIBOR 0.30628 0.30648

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