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[ 4 ] You have $ 1 Million to trade, and you notice the following spot - exchange rates by 3 banks: Bid Ask Credit
You have $ Million to trade, and you notice the following spotexchange rates by banks:
Bid Ask
Credit Suissess: $SFr $SFr $SFr
JP Morgan: $$ $
Mizuho: SFrSFr 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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