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(b) Given the following exchange rate in Malaysia and Korea: Currencies pair Rate The Exchange GBP/MYR 5.5800 Malaysia KRW/MYR 0.0035 Malaysia GBP/KRW 1,581.00 Korea i.

(b) Given the following exchange rate in Malaysia and Korea: Currencies pair Rate The Exchange GBP/MYR 5.5800 Malaysia KRW/MYR 0.0035 Malaysia GBP/KRW 1,581.00 Korea i. Determine any arbitrage opportunity.

ii.Calculate the profit/ (loss) from the above triangular arbitrage assuming your investment starts with KRW5,000,000.

iii. Conclude your answer in (b) above

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