Ask 6) Assume the bid rate of a CHF is $1.101 while the ask rate is $1.102 at Bank X. Assume the the ask rate is $1102 at Bank X. Assume the bid rate of the FS 1.104 while the ask rate is $1.106 at Bank Y. Given this information, what would be your gain if you 100,000 and execute locational arbitrage? That is, how much will you end up with over and above the $100,000 you started with? 0 00 102= 407 Bavoro sell 90744x 1.104 = 100181.4882 90744.10- 100181.4882= 1) National Bank quotes the following for the British pound and the Euro (Ignore the bid/ask spread): Assume you can buy or sell at the quoted price: Value of a Euro in $ Value of Canadian Dollar in US$ Quoted Price $1.193/1Euro $0.90/1CAD Value of a Euro in CAD 1.329 CAD/1Euro What should the Cross be between the Canadian dollar and Euro in terms of # of CAD? Assume you have $100,000 to conduct triangular arbitrage. What is your profit from implementing this strategy