Question: 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

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 Bank A (GBP/USD) Bid 1.60 Bank B (MYR/USD) Bank C (GBP/MYR) 0.2 8.10 Ask 1.61 0.202 8.20

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