The following exchange rates are available to you. Assume an initial $1,000,000$SEK,

a$)$ Can we make an arbitrage profit? Compare cross rate of Bank A and B to the quote from Bank C$.$

Please show your work. $[1$ pts$]$

b$)$ If profit can be made, please show the full calculation $($full steps as in lecture notes$)[3$ pts$]$

Bank A quote $1$ USD: $9\mathrm{.}63$ SEK $9,630,000$ USD

Bank $B$ quote $1$ AUD: $0\mathrm{.}72$ USD

Bank $C$ quote $1$ SEK: $0\mathrm{.}12$ AUD