(5 pts.) Bank A is quoting the following currency spot rates: $45.1725/INR and Y0.0089/S. Bank B is quoting a spot rate of Y0.4050/INR. Find out the cross rate from Bank A's point of view and check whether any arbitrage opportunity exist or not? If exists, show how the arbitrage profit can be made (assume bid-ask spreads to be zero) 4. 5, (5 pts.) The expected inflation rate in Great Britain is 4% per year, and 6% per year in Switzerland. What isthe nine-month forward rate if currently the British pound trades at SF 12.507