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14. R.B. Trage is a currency trader. Ms. Trage notices the following currency bid:ask information from Scotia Bank's foreign exchange desk: CAD/USD JPY/CAD 1.1100 -

14. R.B. Trage is a currency trader. Ms. Trage notices the following currency bid:ask information from Scotia Bank's foreign exchange desk: CAD/USD JPY/CAD 1.1100 - 1.1105 100.6220 - 100.6260 Meanwhile, TD is posting the following bid:ask quote: USD/JPY 0.0091 - 0.0092 Is there an arbitrage opportunity? If so, calculate the potential arbitrage profit under the constraint that Ms. Trage is limited to 1 million CAD commitments in her currency arbitrage dealings

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