James, an investor who is actively looking for the opportunity to gain from arbitrage. He acquires the following quotes from three different banks. Bank A is willing to buy or sell Japanese yen at an exchange rate of 113 yen per dollar. Bank B is willing to buy or sell the Argentine peso at an exchange rate of $0.40 per peso. Bank C is willing to exchange Japanese yen at an exchange rate of 1 Argentine peso for 42 yen. a) Show how James can make profit from triangular arbitrage? (4 marks) b) What is the James profit/loss would be if he had $2,000,000? (4 marks) c) As investors engage in triangular arbitrage, explain how their activities influence each of the exchange rates until triangular arbitrage is no longer feasible.