You look at the exchange rates between the U.S. dollar, Canadian dollar, and Mexican peso. You see that CAD1.3/$ and MXN14/CAD Based on the above two rates, calculate what the rate between U.S. dollars and Mexican pesos SHOULD be. The actual exchange rate, however, is 20MXN/$. Assume that there are no transaction costs to trading and compare the cross rate (i.e. what the MXN/$ rate should be) to what it actually is. Based on this comparison, one of your trades should be to: Select one: O a. Sell pesos and buy U.S. dollars O b. Sell U.S. dollars and buy pesos O C.Neither-there is no arbitrage opportunity