Question: Please help solving with the attachment below: 26. Find an arbitrage trade: Show your work using a $1 million initial investment for each example. A.

Please help solving with the attachment below:

26. Find an arbitrage trade: Show your work using a $1 million initial investment for each example. A. CNY:USD 8.0 SGD:USD 1.3 CNY:SGD 6.0 B. JPY:USD 110.0 MXP:USD 18.0 JPY:MXP 7.0 C. EUR:USD 0.90 GBP:USD 0.64 EUR:GBP 1.50

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