Profit opportunities arise from cross rate differences between financial centres. On 9^th September 2020, you noticed the following FX rates of various banks:

Amato Bank quotes Japanese yen per Australian dollar (Yen/A$) = 82.00

Sanio Bank quotes Japanese yen per SFr (Yen/SFr)=97.00

XYZ Bank quotes Swiss franc (SFr) per Australian dollar(SFr/A$)=1.15

i) Is there any arbitrage opportunity? Calculate the relevant cross rate that may lead to arbitrage profit.

ii) Using a hypothetical amount of A$1,000,000 to invest, show how an investor can make arbitrage profit.