Question 30 (6 points) You are given the following quotes on several currencies by three Canadian banks: RBC: $0.815/C$ ScotiaBank: yen 90.770/$ TD Bank: yen75.000/C$ Required: Ignoring transaction costs, is there an arbitrage opportunity based on these quotes? Justify your answer by calculating a cross rate. If yes, what steps would you take to make an arbitrage profit, and how much would you profit if you have $1,000,000 available for this purpose? Draw a diagram to illustrate your answers