Question: Consider the following quotes: Please include and briefly explain intermediate steps. USD 1 = DKr 5.3021-33 USD 1 = GBP 0.6502-10 GBP 1 = DKr

Consider the following quotes: Please include and briefly explain intermediate steps.

USD 1 = DKr 5.3021-33

USD 1 = GBP 0.6502-10

GBP 1 = DKr 8.2031-41

Do any triangular arbitrage opportunities exist among these currencies? Describe your strategy and compute the arbitrage profit.

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