Question 8 3 points Save Alpha Bank quotes the following for the British pound and the New Zealand dollar: Quoted Bid Price Quoted Ask Price Value of a British pound () in s Value of a New Zealand dollar (NZ$) in S Value of a British pound in New Zealand dollars S/E 1.62 S/NZS 0.56 $/ 1.63 S/NZ$ 0.57 NZS/ 2.96 NZS/E 2.95 Assume you have $25,000 to conduct triangular arbitrage. Required: What is your profit or loss from implementing triangular arbitrage, assume in the first step of triangular arbitrage you buy British pound () from US dollars (5)? Show your working also Marks 31 For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac)