Question 48 (5 points) The price for corn in Guelph is $4.50 per bushel in Canadian dollars (CDN) and in Chicago it is $3.00 per bushel in US dollars (USD. It costs $0.35 (CDN) per bushel to ship one bushel of corn between Guelph and Chicago. The exchange rate is $1 CDN = $0.75 USD. Explain if an arbitrage opportunity exists. If not, why not. If so, why and how will prices adjust through the process of arbitrage