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2.Assume the following information: uoted Ask Price Value of a Mexian peso in $ Value of an Australian dollar (AS) in $ Value of Mexican

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2.Assume the following information: uoted Ask Price Value of a Mexian peso in $ Value of an Australian dollar (AS) in $ Value of Mexican peso in Austrialian dollar $0.0547/MXN A$0.0723/MXN AS0.0712/MXN $0.055/MXN $0.7680/AS A$0.0725/MXN $0.7675/AS Equilibrium cross-exchange rate A$0.0717/MXN Can you use triangular arbitrage to generate a profit? If so, show step by step what transactions you will make assuming you have $100,000 to conduct triangular arbitrage. What is the arbitrate profit? If arbitrage profit exists, what market forces would occur to eliminate the arbitrage opportunity

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