a. Assume you have $1,000,000 to use. Based on the information below, is there a possibility of getting profit? Justify

[answerhappygod]

a. Assume you have $1,000,000 to use. Based on the information
below, is there a possibility of getting profit? Justify your
answer. Quoted Price Value of New Zealand dollar in U.S dollars
$0.30 Value of Canadian dollar in U.S dollars $0.90 Value of
Canadian dollar in New Zealand dollars NZ$3.02
B) There is $500,000 to invest. U.S is offering a 60-day
interest rate of 6 percent per annum, while Malaysia is giving 12
percent per annum for a tenure of 60 days. The spot rate of Ringgit
Malaysia (RM) is $0.110 and the forward rate is $0.108. Ignoring
all the tax effects, Would an American investor or Malaysian
investor benefit from this arbitrage? (20 marks)