(b) Given the following exchange rate in Malaysia and Korea: Currencies pair Rate The Exchange GBP/MYR 5.5800 Malaysia KRW/MYR 0.0035 Malaysia GBP/KRW 1,581.00 Korea i. Determine any arbitrage...

(b) Given the following exchange rate in Malaysia and Korea:

i. Determine any arbitrage opportunity.

ii. Calculate the profit/ (loss) from the above triangular arbitrage assuming your investment starts with KRW5,000,000.

iii. Conclude your answer in (b) above.