You can trade Canadian dollars (CAD), U.S. dollars (USD), and Mexican pesos (MXN) at the...
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You can trade Canadian dollars (CAD), U.S. dollars (USD), and Mexican pesos (MXN) at the following rates: USD0.7047/CAD MXN6.4390/CAD MXN8.4075/USD Is there an arbitrage opportunity? What would be your arbitrage profit in USD if the first step of your arbitrage transaction was the purchase or sale of USD 1,000,000? (Instruction: If there is no arbitrage opportunity, please type 0 in the answer box. Otherwise, please round your arbitrage profit to the nearest dollar, i.e. integer)
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