Assuming no transaction costs, suppose the following quotes are available [NY: $1.25961/, Paris: $1.12952/, Singapore: 1.21517/]. How could you take profitable advantage of these rates? Assume you have $1,000,000. Using the following data, answer the following questions: o How much would 1,500,000 cost in dollars? o Is the British pound expected to appreciate or depreciate over the next 6 months? o What is the 90-day forward premium or discount for the British pound? Assuming no transaction costs, suppose the following quotes are available [NY: $1.25961/, Paris: $1.12952/, Singapore: 1.21517/]. How could you take profitable advantage of these rates? Assume you have $1,000,000. Using the following data, answer the following questions: o How much would 1,500,000 cost in dollars? o Is the British pound expected to appreciate or depreciate over the next 6 months? o What is the 90-day forward premium or discount for the British pound