Elon Musk specializes in cross-rate arbitrage. He is given the following quotes from his banks: Swiss franc/US dollar = SFR .8895/US$ Australian dollar/US dollar = AUD$1.2941/US$ Swiss franc/Australian dollar = SFR .6925/AUD$ Recall the implied no arbitrage cross rate is $ $ $ Given the actual cross rate, which currency is over-valued relative to the other when comparing this to the implied no arbitrage cross rate? Assume he has $3,500,000 to execute a cross-rate arbitrage. What is his profit in US$