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James Clark is a foreign exchange trader with Citibank. He notices the following quotes. Spot exchange rate USD 1 . 2 0 5 1 /

James Clark is a foreign exchange trader with Citibank. He notices the following quotes.
Spot exchange rate
USD1.2051/SFr
Six-month forward exchange rate
USD1.1922/SFr
Six-month $ interest rate
8% per year
Six-month SFr interest rate
10% per year
Is there an arbitrage opportunity? If yes, determine the arbitrage profit in Swiss Francs.
Assume that James Clark is authorized to work with $1,000,000. Input your answer without any currency information.
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