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If the spot exchange rates are quoted as follow: - Exchange rate of Australian dollar in U.S. $ = $0.73 - Exchange rate of pound

If the spot exchange rates are quoted as follow:

- Exchange rate of Australian dollar in U.S. $ = $0.73

- Exchange rate of pound in U.S. $ = $1.33

- Exchange rate of pound in Australian dollar = A$1.84

Based on the information given, is there any arbitrage opportunity for Mary? If yes, what is the percentage of return if she happens to invest $100,000 today?

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