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Assume the following bid-ask quotes and calculate how the market trader can now make an intermarket arbitrage profit. No arbitrage rates for EUR/USD computed by

image text in transcribed Assume the following bid-ask quotes and calculate how the market trader can now make an intermarket arbitrage profit. No arbitrage rates for EUR/USD computed by quotes from Bank B and Bank C are as the bid rate and as the ask rate. (Use 4 digits and dot as the decimal separator) Can the market trader make an intermarket arbitrage profit? If yes, how much is his/her arbitrage if the trader has USD1.000.000 funds available? USD

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