a obtain the following quotes from different banks. One bank is willing to buy or sell Japanese yen at an exchange rate of 102 yen per dollat. A second bank is willing buy or sell the Argentane peso at an exchange rote of 50.37 per peso. A third bank 15 willing to exchange 3 apanese yen at an exchange rate of 1 Argeritine peso = 40 ye 3. Show bow you can make a profit from triangular arbituage. L. You need to obtain yen and convent to pesos, and then convert to dollars. 11. You need to obtain pesos and convert to yen, and then convert to dollars: Whet would your profit be if you had $900,000 ? Do not round intermediate calculations. Round your answer to the nearest dollar. 6. As investoes engage in triangular arbitrage, explain the effect on cach of the exchange rates until triangular arbitrage would no longer be possible. I. As dollars are converted to yen, the yen's value shouldapprecaste against the dollar. As yen ate converted into pesos, the yen's value should depreciate against the peso. As pesos are converted into dollars, the peso's value should depreciate against the dollar. 11. As dollars are converted to pesos, the peso's value should appreciate against the dollar: As posos are converted into ven, the peso's value should deprecate against Yen. As yen are converted into dollais, the yen's value should depreciate against the dollat. II. As dollars are couverted to yen, the yen's volue should depreciate apainst the dollar. As yen are converted into pesos, the yen's value should appreoate against the peso. As pesos are converted into dollars, the peso's value should appreciate against the dollisi. Iv, As dallars are cotverted to pesos, the peso's value should depreciate against the dollar. As pesos are converted into yen, the peso's value should appreciate against th yeo. At yen ote corverted into dollars, the yen's valse should appreciate against the dollar