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Homer speciales in cross rate arbitrage. He notices the following quotes Credit Suisse SET-100 Barclays: 516/5) 0.80 Credit Lyonnais 56/5077 Answer these questions (label with

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Homer speciales in cross rate arbitrage. He notices the following quotes Credit Suisse SET-100 Barclays: 516/5) 0.80 Credit Lyonnais 56/5077 Answer these questions (label with AB) Algnoring transaction costs, does Homer have an arbitrage opportunity based on these quotes? B.If there is an arbitrage opportunity, what steps would be take to make an arbitrage profit, and how would he profit if he has $1,000,000 available for this purpose

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