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Please answer the following question below: 2) Based on the following data, is there any arbitrage opportunities? Please detail the action plan to generate arbitrage

Please answer the following question below:

2) Based on the following data, is there any arbitrage opportunities? Please detail the action plan to generate arbitrage profit/loss?

Spot Rate CAD/EUR 0.7322 - 44
180 day - Forward rate CAD/EUR 0.7330 - 58
CAD's APR 5% - 6%
EUR's APR 7 - 8%

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