the date is 1 TBH/$ 1.7019-36; 2 Euro/$ 0.9830-67 and TBH/Euro 1.7200-1.7300. the implied cross rate is 1.7245-95 TBH/Euro. Does this constitute a triangular arbitrage? What is the profit?

a) no

b) yes, profit is 1.56%

c) yes, profit is 3.00%

d) yes, profit is 6.03%

e) yes, profit is 3.56%

F) none of the above