Are these quotes reasonable ? Is there an arbitrage opportunity ? 7. The euro is quoted as S/{ = 1.1610-1.1615, and the Swiss franc is quoted as SFr/S = 1.4100 -1.4120 . What is the implicit SFr /{ quotation ? 8. A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar : SFr /$ = 1.5960 -70 A5 /5 = 1.8225 -35 An Australian firm asks the bank for a SFr/A$ quote What cross-rate would the bank quote ? 9. A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar : SFr /5 = 1.5960 1.5970 A5 /5 = 1.8225 1.8235 An Swiss firm asks the bank for a AS/5fr quote What cross-rate would the bank quote ? 10. Based on the Japanese yen and Canadian dollar direct quotes by a bank, the implicit yen per Canadian dollar cross-rate quotation is */'C$ = 82.515- 82.575. What would be the implicit Canadian dollar per yen cross-rate, C$/*, quotation ? 11. The dollar spot exchange rate of the Danish kroner is DKr8.25/$, and the dollar spot exchange rate of the Swiss franc is SFr 1.65/$. a. What should the DKr/SFr cross-rate be so that there are no arbitrage