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Suppose you have the following spot exchange rates in FX markets.... 1. Suppose you have the following spot exchange rates in FX markets: 1 $1.32,

Suppose you have the following spot exchange rates in FX markets.... image text in transcribed
1. Suppose you have the following spot exchange rates in FX markets: 1 $1.32, 1 $1.12, and -1.15 i) Please check if the cross rate between the euro () and the UK pound (E) is consistent or not. i) How much profit (in S terms) can you make from trading S1,000? Describe your trading process to get your profit, if there is any

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