Question $1$

$7\mathrm{.}5$ pts

Very important: Before you submit the answers to this question, I need you to show me proof that you have calculated the outcomes by hand. You need to show me your work on your scratch paper and hold it up at camera level. Failing to comply will result in a $50\%$ reduction for this question incurred after video has been evaluated.

Evaluate the arbitrage opportunity with the triangular arbitrage methods for the following currency pairs and identify the preferred direction of trade

$\backslash$table$[[,$Bid,Ask$],[$AUDPLN$,2\mathrm{.}7613,2\mathrm{.}7624],[$BRLPLN$,0\mathrm{.}9453,0\mathrm{.}9466],[$AUDBRL$,2\mathrm{.}9745,2\mathrm{.}9748]]$

Please calculate both directions and provide the answers. In your answer below, you could provide a $33$ table $($see the top left corner of the text box$)$ and add the following:

$\backslash$table$[[,$Calculation,Preferred direction $(\frac{Y}{N})$