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QUESTION 19 We observe the following exchange rates, Bank A: 115.61/6, Bank B: $0.8908/ , Bank C: V129.87/5. We have identified the arbitrage opportunity based

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QUESTION 19 We observe the following exchange rates, Bank A: 115.61/6, Bank B: $0.8908/ , Bank C: V129.87/5. We have identified the arbitrage opportunity based on the price discrepancy between the quotation in Bank A and the cross rate derived from the quotations in Bank B and Bank C. If you have one million US dollar to explore, what will be the arbitrage pprofit? A) $54,300 B) $3,200 B) $600 D) $2

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