World News: The UK has left the Europeall UMU M Britain embarked on a new course in the world," Wall Street Journal, A7, February, 2020 Major topics to be covered during the week of February 11, 2020: - Triangular arbitrage 1. Bid-ask spreads: Suppose you contact your currency dealer at Credit Agricole and obtain the following quote on US dollars, priced in Swiss franc (SF). SF 0.9495 - 05 1. How much would it cost to buy SF10,000,000? 2. Suppose you wish to sell SF 10,000,000. How many dollars will you receive? 3. Suppose you wish to purchase dollars. How much (in SF) would it cost to purchase $10,000,000? 2. Suppose a trader obtains the following quotes in the following markets (note that CS refers to the Canadian S not the US dollar, and is the Japanese yen). - - Tokyo: W/$: 110.58-Y110.68 Atlanta: W/CS: X 93.1966 - 93.5454 Calculate the implied Canadian dollar price of the US dollar