a.) if there is an arbitrage opportunity , what steps would he take to make an arbitrage profit?

b.) How much would he profit if he has $1,000,000 available for this purpose ?

c.) lgnoring transaction costs , does Homer have an arbitrage opportunity based on these quotes?

IHomer specializes in cross-rate arbitrage. He notices the following quotes: Credit Sulsse S(C/2)=1.20 Barclays: S(C/S) 0.75 Credit Lyonnais S(S/S)=0.65