The dollar-euro exchange rate is has $1.50/Euro and the dollar-pound exchange rate is quoted at $2.00/pound. If a bank gives you a rate of $1/20/Pound. You have $100 more to invest. 1) What is the cross rate of (Euro/Pound)

2) The underpriced currency is ____________ and the overpriced currency is _____________.

3) Provide your triangle arbitrage strategy with $100 investment in detail.

4) What is your arbitrage profit?