QUESTION TWO a) Point out why it's rare to find arbitrage opportunity despite the fact that in most cases foreign exchange market is out of equilibrium. b) The following spot quotes were available in the foreign currency markets in London, New York and Frankfurt: London: GB 0.8772/1 New York: US\$1.2462/1GB Frankfurt: \( 0.9198 / 1 \) US\$ Required: i) Based on the given information, clearly show, with supporting computations, if there is any arbitrage opportunity. ii) Show how a currency arbitrageur can exploit any opportunity, iii) Compute the resulting profit considering that the arbitrageur has GB 5,000 to use across these currency centers.