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a.As a foreign exchange trader, you see the following quotes for Canadian dollars (CAD), U.S. dollars (USD), and Mexican pesos (MXN): USD0.7047/CADMXN6.4390/CADMXN8.7535/USD Is there an

a.As a foreign exchange trader, you see the following quotes for Canadian dollars (CAD), U.S. dollars (USD), and Mexican pesos (MXN):

USD0.7047/CADMXN6.4390/CADMXN8.7535/USD

Is there an arbitrage opportunity, and if so, how would you exploit it?

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