Question 7 The market GBP/EUR spot rate is 1 2000 and the market GBP/USD spot rate is 1 3200 Al the same time, you notice that one US FX trader is offering a USD/EUR spot rate of 0.9500. Given the above market spot rates, which of the following indicates what a consistent/triangulated USD/EUR spot rat should actually be AND (assuming that you are speculating with 100M) what would be an appropriate series of trades for you to cany out? A. The USD/EUR spot rate should be 0 9091. If you buy EUR at the current spot rate, convert lo USD at the 0 9500 rate and then sell USD/buy GBP at the current spot rate, you'd make a loss of 4.306,220 B. The USD/EUR spot should be 0 9091. You could buy USD/sell GBP al the current spot, use the USD to buy EUR at the 0 9500 rate and then sell EUR/buy GBP at the current spot to make a profit of 4 5M. C. The USD/EUR spot should be 1.1 You could buy USD/sell GBP at the current spot, use the USD to buy EUR at the 0 9500 rate and then sell EUR/buy GBP at the current spot to make a profit of 4 5M. D. The USD/EUR pol should be 0 9091. You could buy EUR/sell GBP at the current spot rate, use the EUR lo buy USD at the 0 9500 rate and then sell USD/buy GBP at the current spot rate to make a profit of 4.5M