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Intro You have $46,000 and observe the following exchange rates: Exchange rate Bid Value of euro in U.S. dollars $1.15 Value of Swiss franc in

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Intro You have $46,000 and observe the following exchange rates: Exchange rate Bid Value of euro in U.S. dollars $1.15 Value of Swiss franc in U.S. dollars $0.98 Value of euro in Swiss francs CHF 1.12 Ask $1.16 $0.99 CHF 1.13 Part 1 - Attempt 175 for 10 pts. Is there an arbitrage opportunity? If so, what should you do to exploit it? O Yes: buy euros with Swiss francs o Yes: buy Swiss francs with euros Submit Part 2 Attempt 1/10 for 10 pts What is your profit from exploiting the opportunity once (in $)? 0+ decimals Submit

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