Question: banks. Problem Solving: 10 marks 5. Given the information below, is there an arbitrage opportunity? If there is an arbitrage opportunity, what assumptions are being

 banks. Problem Solving: 10 marks 5. Given the information below, is

banks. Problem Solving: 10 marks 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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