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The quotations for different cities are below Frankfurt $1.067 = CHF 1 New York. $1.18 = 1 London CHF 1.136/1 Determine whether there is any

The quotations for different cities are below

Frankfurt $1.067 = CHF 1

New York. $1.18 = 1

London CHF 1.136/1

Determine whether there is any arbitrage opportunity. Compute the arbitrage profit (if any usinf $10,000)

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