(b) Jack is an Australia based investor. He has an interest to place his savings AUD 100,000 in the FOREX market. His friend also suggested him to conduct triangular arbitrage which may give him higher profit. Jack has gathered the following quotes from the National Australia Bank # Quoted Bid Price Quoted Ask Price NZD1.6666 NZD1.6667 Value of New Zealand dollar (NZD) per AUD Value of AUD per GBP, Value of GBP, per New Zealand dollar AUD1.2500 0.4000 AUD1.2501 0.4001 Required: Calculate the yield return by implementing this triangular arbitrage strategy (12 marks) Muhi