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Use the FX quotes at three different banks. Assume you have an initial $ 1 0 0 , 0 0 0 . How much of

Use the FX quotes at three different banks. Assume you have an initial $100,000. How much of triangular? arbitrage profit (loss), in dollar, will you make if you start by
converting from dollar to Mexican peso? (i) Desert Bank (MXN/): 14.44; (ii) Lake Bank (MXN/$): 11.66; (iii) Mountain Bank (/$): 0.80
A.($12,391.01
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