Doug Bernard specializes in cross-rate arbitrage He notices the following quotes: Swiss franc/dollar = SFritid 43/$ Austratian dollar/US. dollar - A\$1.8296/\$ Australian dollar/Swiss franc =A$11494/SFI Ignoring transaction costs, does Doug Bernard have an arbitrage opportunity bosed on these quotes? If there is an arbitrage opportunity, What steps would he take to make an arbitrage profit, and how much would he profit if he has $1.000,000 available for this purpose? (Do not round intermediate calculations. Round your answer to 2 decimal places.)