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Assume you observe the following spot rates in the market: Quote #1 Mexican peso 11.2 / $ Quote #2 $ 2.0215 / Quote #3 Mexican
Assume you observe the following spot rates in the market:
Quote #1 Mexican peso 11.2 / $
Quote #2 $ 2.0215 /
Quote #3 Mexican Peso 22.6208 /
Show, step by step, how you can make arbitrage profits. Assume you start with 2,000,000. Calculate your arbitrage profit in .
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