Please answer ALL parts of these 2 Questions. Please show all the step-by-step work.

These are the quotes from spot market. Compute the cross rate S_c($/) from quotes of Credit Suisse and Citigroup. Use the cross rate to determine the direction of arbitrage in a currency triangle. If you have $1,000,000 to arbitrage, show your steps in a currency triangle and calculate your profit. Given the information, answer the following questions. Spot rate ($/pound) 1.3655 6-month U.S. dollar interest rate 8.00% 6-month British pound interest rate 4.00% Barclays has a short position in pound 100 million forward against dollars delivered in six months. Analyze risk that Barclays is facing and illustrate a possible solution to hedge such risk using the following chart. What is the six-month forward rate F($/pound) that the bank will quote to its counterparty? Compute the 6-month forward premium or discount for British pound