6) The peso is quoted in direct terms at 28.7356 /Ps BID and 28.7715 /Ps ASK in Tokyo. The yen is quoted in direct terms at 0.03416 Ps/ BID and 0.03420 Ps/ ASK in Mexico City. a) Calculate the bid/ask spread as a percentage of the bid price from a Japanese and from a Mexican perspective. b) Is there an opportunity for profitable arbitrage? If so, describe the necessary transactions using a 1 million starting amount.