B.2 From the FX market dated on 15.06.2020, find out following spot rates: Spot rate between US dollar and British Pound Spot rate between US Dollar and Australian Dollar Spot rate between British Pound and Australian Dollar Suppose you have US$ that is same as your class ID( For example of your class ID is EB 163001 then you could $ 163001). Can you use triangular arbitrage to generate a profit? If so, explain the order of the transactions that you would execute and the profit that you would earn. If you cannot earn a profit from triangular arbitrage, explain why. Again assume that the value of British Pound is likely to depreciate by X% against both US Dollar and Australian Dollar by X% on 15.07.2020. Here assume X= last two digits of your class ID. (For example, if your class ID is EB 163001 then British Pound is depreciated by 1% against both currencies). Based on these new expected exchange rate evaluate triangular arbitrage process. B.2 From the FX market dated on 15.06.2020, find out following spot rates: Spot rate between US dollar and British Pound Spot rate between US Dollar and Australian Dollar Spot rate between British Pound and Australian Dollar Suppose you have US$ that is same as your class ID( For example of your class ID is EB 163001 then you could $ 163001). Can you use triangular arbitrage to generate a profit? If so, explain the order of the transactions that you would execute and the profit that you would earn. If you cannot earn a profit from triangular arbitrage, explain why. Again assume that the value of British Pound is likely to depreciate by X% against both US Dollar and Australian Dollar by X% on 15.07.2020. Here assume X= last two digits of your class ID. (For example, if your class ID is EB 163001 then British Pound is depreciated by 1% against both currencies). Based on these new expected exchange rate evaluate triangular arbitrage process