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Problem 1 You are given the following rates. Are there arbitrage opportunities? If so, what is the arbitrage profit? S($/) S(/$) Cross-rate S(/) Bid 1.3020

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Problem 1 You are given the following rates. Are there arbitrage opportunities? If so, what is the arbitrage profit? S($/) S(/$) Cross-rate S(/) Bid 1.3020 0.9060 0.8355 Ask 1.3021 0.9061 0.8458 Problem 1 You are given the following rates. Are there arbitrage opportunities? If so, what is the arbitrage profit? S($/) S(/$) Cross-rate S(/) Bid 1.3020 0.9060 0.8355 Ask 1.3021 0.9061 0.8458

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