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(a) Explain locational arbitrage. (4 marks) (b) Given the following exchange rate in Malaysia and Korea: i. Determine any arbitrage opportunity. (4 marks) ii. Calculate

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(a) Explain locational arbitrage. (4 marks) (b) Given the following exchange rate in Malaysia and Korea: i. Determine any arbitrage opportunity. (4 marks) ii. Calculate the profit/ (loss) from the above triangular arbitrage assuming your investment starts with KRW5,000,000. (10 marks) iii. Conclude your answer in (b) above. (2 marks)

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