QUESTION 1 Use the following information to answer the next two questions. A CFO with $2,000,000 to invest notices that the dollar/euro exchange rate…

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QUESTION 1 Use the following information to answer the next two questions. A CFO with $2,000,000 to invest notices that the dollar/euro exchange rate is quoted as $1 216‘ and the dollarlpound exchangerate is quoted at $1 .5/E. If a bank quotes a cross rate of €1 .25/£, how much money can he earn via triangular arbitrage (in dollars)? Round intermediate steps to four decimals and your final answer to two decimals. Do not use the dollar sign whenentering your response. QUESTION 2 In order for the market to be in equilibrium, the pound must depreciate against the euro.A True fl False

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