HW 7 FIN 343 1 1 1 Quoted currency in U.S. $1.321 $1.326 $1.123 $1.1251.171 1.173 1. Find "appropriate cross exchange rates" (use five decimal points) a. Bid price for the value of in terms of E b. Ask price for the value of in terms of f C. Bid price for the value of in terms of = d. Ask price for the value of in terms of - What is the quoted cross exchange rate in U.S. for of in terms of E? (use five decimal points) 2. Quoted cross exchange rate of the Bid price in U.S. for the value of in terms of E? Quoted cross exchange rate of the Ask price in U.S. for the value of in terms of ? a. b. 3. Do we have an arbitrage opportunity? If so, which direction do we go? 4. If we have $100,000, how much profits can we make? (use two decimal points)