3. You have the following information: Nominal Interest Spot Inflation Rate GBP 1 2.48% 1.04% CNY 8.8878 1.51% 2.15% Using the Relative Purchasing Power Parity, Calculate the expected exchange rate in a year's time. Justify your answer. (8 marks) 4. The CHFUSD spot rate is 1.04. You know that the annual nominal interest rates are 2.10% and 1.15% in the US and Switzerland, respectively. In equilibrium, what should be the 3-month forward rate?|Justify your answer. (8 marks) 5. Consider the following currency quotes Pair Midpoint EURMYR 4.82 GBPEUR 1.15 GBPMYR With 10,000 currency units, what is the value of a triangular arbitrage profit? 5.4 (8 marks)