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2. You have $1 Million to trade, and you notice the following spot-exchange rates by 3 banks: Credit Suisses: $1/SFr -- $1.01/SFr JP Morgan: 100/$

2. You have $1 Million to trade, and you notice the following spot-exchange rates by 3 banks: Credit Suisses: $1/SFr -- $1.01/SFr JP Morgan: 100/$ -- 103/$ Mizuho: 110/SFr -- 115/SFr Where the first quote is the bid price, and the second quote is the ask price. Can you make an arbitrage profit in this situation? How much would your profits be?

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