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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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