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One peso is worth 8.60 dollar and 0.84 yuan. One yuan is worth 11.61 dollar. Which statement is most consistent with the triangle arbitrage equilibrium

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One peso is worth 8.60 dollar and 0.84 yuan. One yuan is worth 11.61 dollar. Which statement is most consistent with the triangle arbitrage equilibrium condition? the peso is undervalued relative to the yuan the peso is overvalued relative to the dollar the yuan is overvalued relative to the dollar Two choices, B and C, are correct None of the A-B-C choices are correct

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