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Please include steps exchange rate, is $1.2872/. Assume that an arbitrageur can borrow up to $1,000,000. Calculate his arbitrage profit. If there is no arbitrage

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exchange rate, is $1.2872/. Assume that an arbitrageur can borrow up to $1,000,000. Calculate his arbitrage profit. If there is no arbitrage enter zero as your answer in the

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