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4) Suppose that you observe the following exchange rates: 10.9500 / 545.7500/ 49.5000/ Check if there is an arbitrage opportunity and calculate the profits if

4) Suppose that you observe the following exchange rates:

10.9500 / 545.7500/ 49.5000/

Check if there is an arbitrage opportunity and calculate the profits if you start with 5,000,000. Show all transactions and calculations involved in one round of transactions. show work!

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