Question 2 You are a currency trader. You started the day with cash on hand of 1 million US Dollars and executed the following transactions throughout the day: 1) Bought EUR 150,000 at a rate of EUR/USD spot 1.13/1.14 2) Bought GBP 100,000 at a rate of USD/ GBP spot 0.68/0.69 3) Bought EGP 2,000,000 at a rate of USD/ EGP 15.60/15.70 4) Bought SAR 120,000 at a rate of USD/ SAR 3.75/3.77 5) Bought AED 200,000 against EGP at a rate of EGP/AED 0.25/0.28 6) Sold the SAR 120,000 you bought in #4 against AUD at a rate of AUD/SAR 2.95/2.96 7) Sold EUR 100,000 out of the amount you bought in #1 above against JPY at a rate of EUR/JPY 132/133 8) Bought 100,000 CAD against GBP at a rate of CAD/GBP 0.60/0.61 At the end of the day, you converted all currencies you have on hand into USD. The quoted exchange rates at end of day were: USD/EUR: 0.88/0.89 USD/GBP: 0.69/0.70 EGP/USD: 0.06/0.07 USD/SAR: 3.76/3.77 USD/AED: 3.67/3.68 AUD/SAR: 2.97/2.98 USD/JPY: 113/114 EUR/CAD: 1.47/1.48. Required: Calculate your total end of day profit / loss in US Dollars. (Show all steps & calculations)