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You have the following spot rates between the Danish krone (DKK), the Russian ruble (RUB), and the Peruvian sol (PEN): Rate 1 Rate 2 PEN

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You have the following spot rates between the Danish krone (DKK), the Russian ruble (RUB), and the Peruvian sol (PEN): Rate 1 Rate 2 PEN 0.6005/DKK PEN 0.0494/RUB Which of the following is the closest to the arbitrage profit that is possible at these rates? O a. 8.97% O b. 8.23% . 8.33% O d. 7.59% O e. 6.62% Rate 3 RUB 11.155/DKK

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