Below are exchange rate quotes available in Universal Bank. EXCHANGE RATE BID PRICE ASK PRICE Value of the euro in U.S $ $0.64 $0.65 Value of the British Pound in U.S $ $1.60 $1.62 Value of the British Pound in euro euro. 2.70 euro 2.72 (a)Given this information, is triangular arbitrage feasible? Explain (b)If triangular arbitrage is possible, compute the profit that could be made from this strategy if the investor has $1,000,000 to use. (c) What market forces would occur to eliminate further opportunities for triangular arbitrage?