Arbitrage opportunity based on quotes

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Consider the following exchange rate quotes: Swiss franc per U.S. dollar = 1.5971, Australian dollar per U.S. dollar = 1.8215, and Australian dollar per Swiss franc = 1.1440. Abstracting from transaction costs, is there an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, what steps would you take to make a profit, and how much would you profit if you have $2,000,000 available for this purpose?

Reference no: EM132492538

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