1. Find "appropriate cross exchange rates" (use five decimal points) a. Bid price for the value of in terms of = ? You must show all work to eam credit. No credit will be given without supporting work. (0.5pt) b. Ask price for the value of in terms of E= ? You must show all work to eam credit. No credif will be given without supporting work. (0.5pt) c. Bid price for the value of in terms of = ? You must show all work fo eam credit No credit will be given without supporting work (0.5pt) d. Ask price for the value of in terms of = ? You must show all work to earn credit. No credit will be given without supporting work. (0.5pt) 2. What is the quoted cross exchange rate in U.S. for of in terms of ? (use five decimal points) a. Quoted cross exchange rate of the Bid price in U.S. for the value of e in terms of E ? You must show all work to eam credit. No credit will be given without supporting work. (0.5pt) b. Quoted cross exchange rate of the Ask price in U.S. for the value of in terms of E ? You must show all work to earn credit. No credit will be given without supporting work. (0.5pt) 3. Do we have an arbitrage opportunity? If so, which direction do we go? You must show all work to eam credit. No credif will be given without supporting work. (2pt) 4. If you have $100,000 and follow the direction in the question 3, how much profits can you make? (use two decimal points) You must show all work to eam credit. No credit wilf be given without supporting work. (2pt)