Suppose currently there are three banks offering the tollowing quotes on Can$, USD and UK : S[$/Can$}=1.1, S[$/E}=1.72, and S[Can$X}=1.6. Suppose you are a dollaribased arbitrager who has $1,000,000. a. The implied exchange rate between USD and E using direct quote from US perspective is 1-76 . [Please only enter the number with no unit and two decimal points.}. b. Therefore, E is 1-72 [overvalued/undervalued} relative to USD. c. In order to take the arbitrage opportunity, I will choose choice B [selectA or B} below to carry out investment strategy: A.$)Can$))$ B.$>)Can$)$ d. My total arbitrage prot will be 25 23-25532 . [Please leave 2 decimal points for the prot.)