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Trader X specializes in cross-rate arbitrage. She notices the following quotes in the FX market, NZD1$ - 1.6691, Swedish Krona SEKIS = 10.923, NZDISEK =

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Trader X specializes in cross-rate arbitrage. She notices the following quotes in the FX market, NZD1\$ - 1.6691, Swedish Krona SEKIS = 10.923, NZDISEK = 0.15.48, 1. Ignoring transaction costs, does the trader have an arbitrage opportunity based on these quotes? 2. If there is an arbitrage opportunity, what steps would she take to make an arbitrage profit, and how would she profit if she has $1,500,000 available for this purpose

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