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If the Spot rate of EGPCHF is 0.065 and the forward rate is 0.061. You are also given that the EGP interest rate is 8.25%,

If the Spot rate of EGPCHF is 0.065 and the forward rate is 0.061. You are also given that the EGP interest rate is 8.25%, whereas the CHF interest rate is 7.7%. Compare the interest and exchange rates agios. State whether there is an arbitrage opportunity based on your calculation or not. (Round to two decimals)

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