1) The exchange rates in New York are: $1 = AUD 1.2649 and $1 = 0.6223 A dealer is offering a quote: AUD 1 = 0.8687. What is the profit you can earn on $10,862 using triangle arbitrage?

Enter your answer round off two two decimal points.

2) Suppose you have the following information: $1 = 0.8666 $1 = C$1.214 What is the /C$ cross rate?

Enter your answer rounded off to FOUR decimal points. Do not enter any currency sign in the answer box.