Use the following to answer the next two questions Suppose you observe the following quotes: C$1.4/5 $.8/E ACR:C\$1.05/E Find the maximum profit (in terms of USD) available to someone with access to $10 million at a rate of 2%. 666,666.67825,0006,466,666.67466,666.67 0 QUESTION 6 Which of the following will occur to eliminate the arbitrage opportunity found in the previous question? The US dollar will appreciate against the Canadian dollar. The US dollar will depreciate against the pound. The pound will appreciate against the Canadian dollar. none of the above Use the following information to answer the next two questions. response. QUESTION 8 In order for the market to be in equilibrium, the dollar must depreciate against the euro. True False