Question 1 a. Suppose you have the following information: $ per Euro spot quote 1.1520 $ per Euro one-year forward quote 1.1760 US $ interest rate 4.5% per annum Euro interest rate 3% per annum Are there any arbitrage opportunities? If yes, show how and calculate the profit. (6 marks) . b. You have the following information: Direct quote for in New York: 1.3158 - 1.3200 Direct quote for Euro in Dublin: 0.8723 -0.8841 Compute the direct quote for Euro in London so that arbitrage profits are not possible. (6 marks)