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help!! You specialize in cross-rate arbitrage and notice the following quotes: - S($/AUD): $0.6789/AUD - S(CHF/$):CHF09625/$ - S(CHF/AUD): CHF0.6415/AUD 1. Do you have an arbitrage
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You specialize in cross-rate arbitrage and notice the following quotes: - S(\$/AUD): \$0.6789/AUD - S(CHF/$):CHF09625/$ - S(CHF/AUD): CHF0.6415/AUD 1. Do you have an arbitrage opportunity? 2. If yes, what will be your strategy? 3. How much is your arbitrage profit if you have $2,000,000 for this purpose? 4. What CHF/AUD rate will eliminate an arbitrage opportunity Step by Step Solution
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