PLEASE ANSWER AND SHOW WORK, WILL LEAVE GOOD RATING.

II. (6) Questions below are based on the lecture notes (CH4). a. Suppose that the value of E in yen is now S/E=19.0/E in Slide \#12, but all other exchange rates are the same. First show if arbitrage is possible. Then, describe the triangular arbitrage strategy and find its profit in $. b. Suppose that the forward rate is now F1$/=$1.18/ in Slide \#21, but all other values are the same. First show if arbitrage is possible. Then describe the covered interest arbitrage strategy and profit