Question: urgent need help please. And please show work QUESTION 1 Suppose you observed the following spot quotations in Berlin (Germany), Paris (France), and New York

urgent need help please. And please show work

QUESTION 1 Suppose you observed the following spot quotations in Berlin (Germany), Paris (France), and New York (United States): Berlin: The $/DM exchange rate is $0.34-0.36/DM Paris: The DM/FF exchange rate is DM 0.30-0.32/FF New York: The FF/$ exchange rate is FF 9.212.9.220/$ If your home location is New York, show whether there are any arbitrage opportunity per $1 million? Show your steps in details. Note: DM is the Deutch Mark, and FF is the French Franc. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). A D

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