Question 28 Given the following cross currency rates, identify an arbitrage trade and show the profit if you start with $1,000. JUSD - U.S. dollar, SGD - Singapore dollar, CHF - Swiss franc. Highlight the steps as laid out below SGD:USD 3.00 : 1 CHE:USD 1.50 : 1 SGD CHF 2.20:1 First convert $1,000 to (Choose) Then convert to [ Choose + Then convert to [Choose . Question 29 Using the data and process from the previous question, what is your ending value if you started with $1,000? Do not use a currency symbol in your answer. Round to nearest whole number. SGD:USD 3.00 : 1 CHF-USD 1.50:1 SGD:CHF 2 20:1 Question 30 Assume you notice the following information. Complete the steps for an arbitrage trading strategy by choosing the appropriate option for each step. Spot (CHF/USDI=1.50 : 1 1 Year Forward (CHF/USD) - 1.60: 1 1 Year Swiss Interest rate of 8% in Swiss francs (CHF) 1 Year US interest rate of 4% in US Dollars USD) You would borrow in this country: [Choose You would then convert to this currency [Choose . You would then lend in this country Choose In 1 year, you would convert loan proceeds to this currency [Choose . You would convert the loan proceeds at this exchange rate: [Choose