One dollar is worth 6.20 yuan and 1.03 peso. One peso is worth 4.81 yuan.

Which statement is most consistent with the triangle arbitrage equilibrium condition?

a.the dollar is undervalued relative to the peso

b. the dollar is undervalued relative to the yuan

c.the peso is overvalued relative to the yuan

d.Two choices, B and C, are correct

e.The three A-B-C choices are all correct