Question: Consider the following quotes: Please include and briefly explain intermediate steps. SFr 1 = DKr 3.3818-25 USD 1 = SFr 1.5780-86 USD 1 = DKr

Consider the following quotes: Please include and briefly explain intermediate steps.

SFr 1 = DKr 3.3818-25

USD 1 = SFr 1.5780-86

USD 1 = DKr 5.3021-33

Do any triangular arbitrage opportunities exist among these currencies? Describe your strategy and compute the arbitrage profit.

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