You have the following spot bid and ask rates between the Chinese yuan (CNY), the Canadian dollar (CAD), and the Swedish krona (SEK): Bid Ask SEK 7.2821/CAD SEK 7.3553/CAD SEK 1.3624/CNY SEK 1.3760/CNY CAD 0.1720/CNY CAD 0.1738/CNY Which of the following is the closest to the arbitrage profit that is possible at these rates? Select one: 6.57% 6.17% 9.86% 6.69% There is no arbitrage possible at these rates. Your answer is incorrect. The correct answer is: 6.57%