Question: 5. Given the information below, is there an arbitrage opportunity? If there is an arbitrage opportunity, what assumptions are being made? Table 16.6: Bid-ask rates

5. Given the information below, is there an arbitrage opportunity? If

5. Given the information below, is there an arbitrage opportunity? If there is an arbitrage opportunity, what assumptions are being made? Table 16.6: Bid-ask rates offered by three banks Bid Ask Bank A (GBP/USD) 1.60 1.61 Bank B (MYR/USD) 0.2 0.202 Bank C (GBP/MYR) 8.10 8.20

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