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Question 1. Question 2. You are provided with the following quotes from three banks: Bank 1 1.2321 Bank 2 21.2865 $/ Ps/$ Ps/ Bank 3

Question 1.Question 2.
You are provided with the following quotes from three banks: Bank 1 1.2321 Bank 2 21.2865 $/ Ps/$ Ps/ Bank 3 27.1130 Using information above, compute the cross-rate of Ps/ (Peso per Euro). (Round your answer to 4 decimals). You are give $1,000,000 to trade on Forex for your bank. Using information above, find the profit or loss that you can generate by executing the triangular arbitrage, if you go first to (EUR), then to Ps(MXN) and then to $(USD). (Do not round intermediate calculations. Round you final answer to the nearest dollar)

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