Question: only need the solution for question 3. Thank you! 2. If the C$1 = US$0.7603, then what is the C$ cross exchange rate with the

only need the solution for question 3. Thank you!
2. If the C$1 = US$0.7603, then what is the C$ cross exchange rate with the following currencies if their exchange rate with the US$ is as follows? a. US$ 1 = EUR 0.83579 b. EUR 1 = US$ 1.2012 c. US$ 1 = HK$ 7.7653 d. HK$ 1 = US$ 0.1288 e. US$ 1 = 0.7199 f. 1 = US$ 1.3898 3. Assume that you can borrow 1,000,000 units of either C$ or of the foreign currency. The Spot Exchange Rate for the C$ and the US$ is C$ 1 = US$ 0.7464. The following US$ exchange rates as well as cross rates with the C$ are observed. How much money would you make through arbitrage? Currency EUR Yen GBP HKD 1 Unit Buys X US$ 1.2012 0.00919 1.3898 0.1288 1 Unit Buys X C$ 1.5923 0.0177 1.8552 0.1706
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