Suppose you are a trader with Banque Paribas (BNP). From the quote screen on your computer terminal, you notice that Commerzbank is quoting e0.8275/$1.00 and Credit Suisse is offering SFR0.9165/$1.00. You learn that UBS (Swiss bank) is making a direct quotation between the Swiss franc and the euro, at 0.9010. Show how you can make a triangular arbitrage profit by trading at these prices. (Ignore bid-ask spreads for this problem.) What must be the e-Swiss franc parity such that triangular arbitrage is eliminated? Assume you have $50,000,000 with which to conduct the arbitrage. What happens if you initially sell dollars for Swiss francs?