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Math Problem: Show detailed calculations The following exchange rates for various banks are listed in the Wall Street Journal. Is there an arbitrage opportunity? If

Math Problem: Show detailed calculations
The following exchange rates for various banks are listed in the Wall Street Journal. Is there
an arbitrage opportunity? If so, compute the profits earned in one round of transactions if you
begin with 5,000,000.
Imperial Japan Bank
89.345A$
Credit Suisse Group
87.275SFr
National Australia Bank
1.150 A$/SFr
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