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Suppose that a bank is actually quoting the three-month forward rate for the Swedish Krona (SEK) per Euro (EUR) as 5.0500 5.0600. Suppose you are

Suppose that a bank is actually quoting the three-month forward rate for the Swedish Krona (SEK) per Euro (EUR) as 5.0500 5.0600. Suppose you are allowed to borrow 2 mil EUR today at 8%. How many EUR arbitrage profit can you make? Give your answer to the nearest EUR.

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