7. (15 points) A foreign exchange trader at Goldman Sachs (NYSE:GS) analyzed the potential for an arbitrage profit given the following quotes for the Chinese yuan (), Indian rupee (5), and South Korean won (W): bid quote ask quote Credit Suisse (NYSE:CS) quotes for the rupee Deutsche Bank (NYSE:DB) quotes for the. yuan BNP Paribas (Euronext:BNP) quotes for the rupee 0.10075 W154.0/ W16.407 0.1027 W158.0/ W16.90/ The trader concluded that there is indeed a possibility for an arbitrage profit, and used one million Indian rupee (+1,000,000) to take advantage of the arbitrage opportunity. Describe the exact details of the foreign currency transaction that the trader made with each bank in order to earn the arbitrage profit. [hint: The trader made three transactions, which can be fully described by: the counterparty, the currency and amount given, the currency and amount received. The combination of the three trades yields a profit]