Given the following 2 sets of quotes: Show how an arbitrageur would exploit the locational arbitrage opportunity implied in the two sets of rates and how much profit they would make on a nominal sum of $20 million. Buy the francs from Bank A at \$1.0560/SF, sell them to Bank B at \$1.1180/SF and make $1,174,242,42 Buy the francs from Bank A at \$1.0720/SF, sell them fo Bank B at \$1. 1020/SF and make \$559,701.49 Buy the francs from Bank A at $1.072015F, sell them to Bank B at $1.1180/SF and make $858,208.96 Buy the francs from Bank A at $1.0560/SF sell them to Bank B at $1,1020/SF and make $871,21212 QUESTION 2 Given the following three quotes: $1.0760 SF: $1.1240/6;60.9180/5F. Stiow tiow an arbitrageut would exploit the triangular arbitrage opportunity irvplied in the three rates and how much profit they would make on a nominal sum of $20 milion. Buy SF with dollars at $1.0760 SF, buy ouros with SF at 0.91801SF, buy back dollars with euros at $1.12401C, make $820,966.55 Buy SF with dollass at $1.0760/SF, buy euros with SF at 10.9573/SF, buy back dollars with ouros at $1.1240C, mako $96,65 Buy euros with dollars at $1 1240Ve, buy SF with euros at 60.9573 st, buy beck dollars with Sf at $1.0760.5F, make $9665