Question: please answer the whole question 2. (5 pts) You observe the following quotes: MXN 1= USD 0.06(1) CAD1=USD0.76(2) CAD1=MXN12.8(3) a. Is there triangular arbitrage opportunity?

please answer the whole question

2. (5 pts) You observe the following quotes: MXN 1= USD 0.06(1) CAD1=USD0.76(2) CAD1=MXN12.8(3) a. Is there triangular arbitrage opportunity? b. How much would the arbitrage profit be if you have \$1 million USD to start with? c. What market forces would occur to eliminate any further possibilities of triangular arbitrage

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