Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: Swiss franc/U.S. dollar = 1.5971 CHF/USD Australian dollar/U.S. dollar = 1.8215 AUD/USD Australian dollar/Swiss franc = 1.1300 AUD/CHF Does Doug Bernard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, how much would he profit if he has $1,000,000 USD?       A. No, there is no profitable arbitrage opportunity.   B. Yes, he can make $9,296 USD profit.   C. None is correct.   D. Yes, he can make $8,573 USD profit.

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