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You saw the follow bank quotes Bank 1: $1.0553 – 55/€ Bank 1: $0.7230 – 32/SF...

You saw the follow bank quotes

Bank 1: $1.0553 – 55/€

Bank 1: $0.7230 – 32/SF

Bank 2: €0.6889 – 92/SF

What are the implied €/SF bid and ask prices from bank 1?

And, do they suggest an arbitrage opportunity? If so, show how to explore the opportunity. Start with 1000 units of one currency and how much profit you can make.

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