Suppose that Cloudastries Bank is a U.S.-based financial intermediary that serves the foreign exchange market. Assume that this bank is willing to both purchase and sell currency for the same rate. In other words, assume there is no bid/ask spread. Suppose Cloudastries has made the following direct quotations: Currency Mexican Peso Dollar Spot Rate $0.50 $1.50 Euro Additionally, Cloudastries has quoted a cross exchange rate of 1 euro - 3.03 prsos After exchanging euros for pesos, the last step in triangular arbitrage is to exchange those pesos for dollars. If you exchange your 20,200.01 for dollars from Cloudastries, you would receive This represents a profit of $15,152.28 3.03 pest B $22,725.00 of 1 euro $30,300.00 r arbitrage is to exchan $10,100.01 5 for dollars. ies, you would receive 1. This repre $100.00 $12,725.00 $5,152.28 rs. $20,300.00 s represents a profit of