The yen is quoted at " 0.008300/= Ask and 0.008200/ Bid" in Paris. The euro is quoted at " 121.20/ Ask and 121.10/Bid in Tokyo. Convert the Paris quote into a / quote and then answer these questions. a. Calculate the bid/ask spread on the euro as a percentage of the bid price from the Japanese and the French perspectives. The bid/ask spread is the percentage difference between the bid and the ask prices. (Ask-Bid)/Bid b. Is there an opportunity for profitable arbitrage? If so, describe the necessary transactions using a 1 million starting amount