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Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: USD/CHF = 0.9014 AUD/USD = 0.7640 and AUD/CHF = 0.6858 He has $1,000,000 for

Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: USD/CHF = 0.9014 AUD/USD = 0.7640 and AUD/CHF = 0.6858 He has $1,000,000 for arbitrage. He believes the USD/CHF is...

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