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Based on the following information, is there an arbitrage opportunity? If yes, what is the arbitrage profit in terms of a percentage? Bank A: $1.6=1

Based on the following information, is there an arbitrage opportunity? If yes, what is the arbitrage profit in terms of a percentage?

Bank A: $1.6=1

Bank B: $1.5=1

Select one:

a. Yes, 5.6%.

b. Yes, 6.15%.

c. No.

d. Yes, 6.67%.

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