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Confused on how to go about this question. Question 3 Profit opportunities arise from cross rate differences between financial centres. On 9th September 2020, you

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Confused on how to go about this question.

Question 3 Profit opportunities arise from cross rate differences between financial centres. On 9th September 2020, you noticed the following FX rates of various banks: Amato Bank quotes Japanese yen per Australian dollar (Yen/A$) 82.00 Sanio Bank quotes Japanese yen per SFr (Yen/SFr) 97.00 XYZ Bank quotes Swiss franc (SFr) per Australian dollar (SFr/A$) 1.15 i) Is there any arbitrage opportunity? Calculate the relevant cross rate that may lead to arbitrage profit. ii) Using a hypothetical amount of A$1,000,000 to invest, show how an investor can make arbitrage profit

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