The quotes for U.S\$, and are as follows from three different banks: Deutsche Bank: 60.85/$ BNP Paribus Bank: $1.30/ HSBC: 1.12/ Assume you have f1 million. Please round the rates/ratio to the 4 th decimal places and also round up to the nearest dollar amount in your calculation. (a) What is the implied cross-rate of in terms of (i.e., / )? (Show your Calculation) (b) Is there an arbitrage opportunity? If yes, show the potential arbitrage profit. (Show your Calculation) (c) Can this opportunity be sustained over the long-term, Why? or Why not