Use the following to answer the next two questions A bank manager with 11,000,000 Swiss francs (CHF) to invest in the foreign currency market notices the current franclUS dollar exchange rate is CHF1.1I$ and the current Mexican peso/franc exchange rate is MP25/CHF. If a bank quotes a cross rate of $.031MP, how much money can she make (in terms of francs) via triangular arbitrage? Round intermediate steps to four decimals and your nal answer to two. Do not use currency symbols when entering your answer. QUESTION 8 The peso should appreciate against the dollar to prevent the arbitrage opportunity found in the previous question. A True A False