question 4.5 please and thank you. a and b. i appreciate it

4.5 The Mexican peso is quoted in direct terms at " $ 28.74/ MIX'N bid and * 28. 77 / MX'N ask " in Tokyo . The yen is quoted in direct terms in Mexico City at " MIXNO . 0341 60 0 # bid and MIXNO . 03 420 * * ask. " 2 . Calculate the bid- ask spread as a percentage of the bid price from the Japanese and from the Mexican perspective . b. Is there an opportunity for profitable arbitrage ? If so , describe the necessary transactions using a $ 1 million starting amount . Take your profit in yen