The following are from the Wall Street Journal website for February 1, 2018: S($/) = $1.2512/.. S(/) = 1.1407/ ..S($/) = $1.4270/

a.) Does mispricing exists in the foreign exchange market?

b.) If yes, what currency is overvalued? What currency is undervalued?

c.) If yes, develop a plan, utilizing triangular arbitrage, to profit from the cross exchange rates.

d.) Comment on your results