11) (6 pts) National Bank quotes the following for the GBP:USD, USD:MXN, and GBP-MXN [ignore the Bid Ask Spread, you can buy or sell at the stated price) Value of GBP:USD Value of USD:MXN Value of GBP:MXN Quoted Price US $1.281/1 GBP 20.64 Peso/$1US 25.12Peso / 1 GBP a) Based on the quoted spot rates for the GBP:USD and USD:MXN, what should the Bid/Ask cross rate be in terms of number of Pesos per Pound? 20.64 Pesos 1-2817 GBP OSD 20.64 1 1-1281 -211 1281 b) If you had $200,000 to conduct triangular arbitrage, what would be your profit from implementing this strategy 61-281 $1-281 IGBT 1-281.20-64 USDMXN 20 yos te 2 03 256200