Answer questions 1 through 4 from \"The Foreign Exchange Market: Background Note and Problem Set" in the course packet. Please write your solutions individually and give them to me in class. The due date will be announced in class. Hints: Problem 2: Find the arbitrage first in Exhibit 2. Then use Exhibit 1 to start with dollars, convert them, and perform the arbitrage. Problem 4: As the case explains a "dollar discount" is a situation where the U.S. dollar trades at a fonNard discount against another currency