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Question 2: Arbitrage in Financial Markets. 21 points. a) It costs 12.19 Mexican pesos to buy one US dollar. Interest rates on one year bonds of the Mexican government are 4.3%. Interest rates on one year bonds of the US government are 0.13%. How many peso would you expect to be able to sell for US$ using a forward contract that settles in one year? [5] >If the capital movement between countries is entirely unrestricted, the return rate of domestic investments and foreign investments should be equivalent to each other. 4 Under no-arbitrage condition, returns are equal for either investment: If the capital movement between countries is entirely unrestricted, the return rate of domestic investments and foreign investments should be equivalent to each other. 4 Under no-arbitrage condition, returns are equal for either investment: