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Is an arbitrage opportunity available given the following exchange rates? If so , what is it ? a . CHFUSD = 1 . 0 3

Is an arbitrage opportunity available given the following exchange rates? If so

,

what is it

?

.

CHFUSD

= 1.03

.

USDJPY

= 120.87

. C H F J P Y = 124.50

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