Refer to Problem 11 on p. 137 of your textbook. Given the rates quoted, assume you have $5,000,000 with which to conduct a triangular arbitrage. You start by selling your $5,000,000 to Dresdner bank for euros. Once all your transactions are complete what is your profit? (You can ignore bid-ask spreads for this problem.)

Abag contains 4 red, 7 blue and 5 yellow marbles. event a is defined as drawing a yellow marble on the first draw and event b is defined as drawing a blue marble on the second draw. if two marbles are drawn from the bag, one after the other and not replaced, what is p(b|a) expressed in simplest form? a. 7/16 b. 7/15 c. 14/16 d. 14/15