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HELP 3. A currency trader finds two quotes for spot trading: a) Bank A is willing to trade at $1.20 per Swiss franc. b) Bank

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3. A currency trader finds two quotes for spot trading: a) Bank A is willing to trade at $1.20 per Swiss franc. b) Bank B is willing to trade at $0.50 Swiss franc per dollar. Is there any opportunity for making an arbitrage profit? If there is, explain what should be done. If there is not, why not

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