Suppose you are working for a Canadian investment firm, and you observe that the (annual) yield differential between the U.

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Suppose you are working for a Canadian investment firm, and you observe that the (annual) yield differential between the U.S. corporate bonds and the German corporate bonds is 0.75%, and the American corporate bonds offer a higher return. a) Suppose you obtain the following quotes from a bank: EUS$/€ = 1.1890 FUS$/€ = 1.1938 Is there any arbitrage opportunity? If yes, what would you do? If no, why?