Question: Please provide explanations for both parts. The table below presents quotes and cross-quotes on GBP and CHF. USD/GBP: Price for GBP in New York (in

Please provide explanations for both parts. The table below presents quotes andPlease provide explanations for both parts.

The table below presents quotes and cross-quotes on GBP and CHF. USD/GBP: Price for GBP in New York (in USD) : USD 1.725 for 1 GBP USD/CHF: Price for CHF in Chicago (in USD): USD 0.645 for 1 CHF CHF/GBP: Price for GBP in Zurich (in CHF) : CHF 2.75 for 1 GBP If the speculator has access to USD 20,000,000, calculate the maximum profit in one triangular transaction. $ 565,217 . The table below presents quotes and cross-quotes on GBP and CHF. USD/GBP: Price for GBP in New York (in USD) : USD 1.725 for 1 GBP USD/CHF: Price for CHF in Chicago (in USD): USD 0.645 for 1 CHF CHF/GBP: Price for GBP in Zurich (in CHF) : CHF 2.75 for 1 GBP 3 If all traders use triangular arbitrage to maximize profits, then the dollar price of GBP for the New York dealer will the CSF price of GBP for the Zurich dealer will ; and the dollar price of CHF for the Chicago dealer will increase, decrease, decrease The table below presents quotes and cross-quotes on GBP and CHF. USD/GBP: Price for GBP in New York (in USD) : USD 1.725 for 1 GBP USD/CHF: Price for CHF in Chicago (in USD): USD 0.645 for 1 CHF CHF/GBP: Price for GBP in Zurich (in CHF) : CHF 2.75 for 1 GBP If the speculator has access to USD 20,000,000, calculate the maximum profit in one triangular transaction. $ 565,217 . The table below presents quotes and cross-quotes on GBP and CHF. USD/GBP: Price for GBP in New York (in USD) : USD 1.725 for 1 GBP USD/CHF: Price for CHF in Chicago (in USD): USD 0.645 for 1 CHF CHF/GBP: Price for GBP in Zurich (in CHF) : CHF 2.75 for 1 GBP 3 If all traders use triangular arbitrage to maximize profits, then the dollar price of GBP for the New York dealer will the CSF price of GBP for the Zurich dealer will ; and the dollar price of CHF for the Chicago dealer will increase, decrease, decrease

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