Topic: EX in Spor Marker Consider the following bid-ask quotes in the spot market: SFr 1 - Dkr 3.3818-25 USD 1 - SFr 1.5780 - 86 USD1 - DK, 5.3021 - 33 You have $1 million. Do any arbitrage opportunities exist among these currencies? Describe your strategy and compute the arbitrage profit. Topic: FX in Forward Market Current market rates are: Spot 30-day Forward (in points) USD 1 = EUR 0.6064 -0.6080 15 - 13 USD 1 = GBP 0.7544 -0.7559 12-16 (a) Compute the outright 30-day forward bid-ask quote for (b) What is the 30-day forward BID CROSS RATE for CAR