Question: Use data below to answer questions 8 and 9 8. Given the FX rates below determine if the triangular arbitrage is possible by calculating the

Use data below to answer questions 8 and 9 8. Given the FX rates below determine if the triangular arbitrage is possible by calculating the cross rate of */E x/S 119.8660 Y/E 164.0000 S/E 1.4057 HSBC 126.1249 Citi 187.0000 Discover 1.5064 9. Using same set of quotes above and assuming you have $1,000,000 to trade, calculate the triangular arbitrage profit/loss, by going first to Yer. Ans: $27,412

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