Question 6 (30 marks) New Co. is a foreign exchange trader with a bank. He notices the following quotes. kequireu: Please design a question with specific exchange rates and interest rates in the above table. Then try to answer the following questions with the financial information that you desired. a. Is the interest rate parity holding? You may ignore transaction costs. (10 marks) b. Is there an arbitrage opportunity? If yes, show what steps need to be taken to make arbitrage profit. (10 Marks) c. Explain how the IRP will be restored as a result of covere arbitrage activities. (10 Marks)