D Question 38 6 pts Assume the following information for a bank quoting on spot exchange rates: value of Singapore dollar in U.S. $ = $0.6098/ Value of pound in U.S. $ Value of pound in Singapore dollars S$3.0052/E = $1.8828/ (a) Calculate the appropriate cross rate of pound in Singapore dollars. (b) Is the pound overpriced or underpriced relative to Singapore dollar? Why? (c) Is triangular arbitrage possible? If so, explain the detailed steps of the triangular arbitrage and compute the profit from this strategy if you have $1,000,000 to use. (6 points) HTML Editor