Quotes for one U.K. pound: NY London Bid price $1.59 $1.63 Ask price $1.60 $1.64 1. What is the net profit from the locational arbitrage? 2. Which price will increase after the locational arbitrage? 3. Which price will decrease after the locational arbitrage? Value of pound in $ $1.61 Value of MYR in $ $0.20 Value of pound in MYR MYR8.10 1. Which currency is overpriced? 2. What is the net profit from the triangular arbitrage? 3. Which price(s) will increase after the triangular arbitrage? 4. Which price(s) will decrease after the triangular arbitrage?