National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Price Value of a British pound () in $ $1.62 Value of a New Zealand dollar (NZ$) in $ $.55 a) (3 points) Draw the currency triangle with the three currencies and the given direct exchange rates. What is the theoretically correct cross exchange rate (GBPNZD)? b) (3 points) Assume that the market cross exchange rate is 2.9941NZ$ per british pound. Is there a triangular arbitrage opportunity? If so, describe how you would take advantage of it. c) (3 points) Assume you have $100,000 to conduct triangular arbitrage. What is your net profit (above the $100,000 you started with) from implementing this strategy?