Please show all your works, thanks

CALCULATION. Solve the following problem. For full credit, SHOW AND EXPLAIN your work. 4 points. 16) You specialize in cross-rate arbitrage. You notice the following quotations: Bank A: Swiss franc/US dollar = SF 1.20 /USD Bank B: euro/US dollar = EUR 1/USD Bank C: euro/Swiss france = EUR 0.60 / SF Ignoring transaction costs, do you have an arbitrage opportunity based on these quotations? If there is an arbitrage opportunity, what steps would you take to make an arbitrage profit, and how much would you profit if you have $100 available for this purpose? Note: 1/1.20 = 0.83 1/0.60 = 1.67 120 x 0.60 = 72 60 x 1.2 = 72 1.2 x 0.6 = 2 0.60 / 1.2 = 0.5 167 / 1.2 = 139.17 167 / 0.6 = 278.33