Question: please help !! As a $-based foreign currency trader, you observed the following quotes: EUR0.7627/USD CHF1.1806/USD EUR0.6395/CHF Summarize the steps you would take to make

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As a \$-based foreign currency trader, you observed the following quotes: EUR0.7627/USD CHF1.1806/USD EUR0.6395/CHF Summarize the steps you would take to make an arbitrage profit. How much would you profit if you have $5,000,000 available for this purpose? What EUR/CHF quote will eliminate the arbitrage opportunity

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