Q4 The spot bid rate for CHF in New York is USD 0.5910. A corporate treasurer is going to buy CHF in Zurich at USD/CHF 1.6650 and sell them in New York. Will he make a profit? If yes, then how much? (2 Marks) Q5 The following quotes are obtained from two banks: Bank A Bank B USD/SEK Spot 10.9570/80 10.9578/90 (a) Is there an arbitrage opportunity? (b) What kind of a market will result? (c) What might be the reasons for this? (5 Marks)