Consider the following set of spot exchange rates in the US market: In the Bangkok spot market, one French franc is worth 5.70246 baht. a) Describe clearly how you would set up a triangular arbitrage to exploit the difference between this rate and the US cross-rate. Which currency would be bought or sold in which market? b) If your initial purchase transaction in the US market is for $1.000.000 worth of whatever foreign currency you buy, what is your profit from the transaction, in US dollars? c) If you have $8,000,000 available to invest what is the total profit you expect to earn by exploiting this discrepancy