1. Take the following two exchange rates and compute the SAR/EUR cross exchange rate. SAR3.8165/USD and EUR.8625/USD. (answer to 4 decimal places and avoid rounding until reporting a final answer)

2. In question 1, if there is a direct cross exchange rate of SAR4.3275/EUR, is there a triangular arbitrage opportunity? If yes, start with $40,000 and indicate how much triangular arbitrage profit exists for 1 trip around the triangle.