5. (30 points). The Euro-U.S. dollar spot exchange rate is 0.6687/$, the Swiss franc-U.S. dollar...
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5. (30 points). The Euro-U.S. dollar spot exchange rate is 0.6687/$, the Swiss franc-U.S. dollar spot exchange rate is SF1.1706/$, and the /SF cross-rate is 0.6200/SF. Determine the triangular arbitrage profit that is possible if you have $3,000,000
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