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Question 2 Given the following information: Bank A: SFr 1 . 5 9 8 7 / $ Bank B: A$ 1 . 8 2 3

Question

2

Given the following information:

Bank A: SFr

1.5987 /

Bank B: A$

1.8233 /

Bank C: A$

1.1452 /

SFr

Assume you have $

1, 000, 000

to trade. What is the arbitrage profit, if any?

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