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Suppose in Zurich the exchange rate = 0.786/SFr; in New York = $1.11/SFr, but in London = $1.41/ 1. What is the implied cross rate?

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Suppose in Zurich the exchange rate = 0.786/SFr; in New York = $1.11/SFr, but in London = $1.41/ 1. What is the implied cross rate? What is the actual cross rate? Show your work to receive full credit. 2. Is there any arbitrage profit (assuming you have $100,000 to invest) that could be made with a triangular arbitrage action? Describe an example of how such a profit may be earned. Show your work to receive full credit

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