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Japanese yen in U.S. dollars Thai baht in Japanese yen Quoted Bid Price Quoted Ask Price $0.0085 $0.0086 Y2.69 Y2.70 Determine whether the cross exchange

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Japanese yen in U.S. dollars Thai baht in Japanese yen Quoted Bid Price Quoted Ask Price $0.0085 $0.0086 Y2.69 Y2.70 Determine whether the cross exchange rate between the Thai baht and Japanese yen is appropriate. If it is not appropriate, determine the profit you could generate by withdrawing $100,000 from checking account and engaging in triangular arbitrage before the rates are adjusted

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