Is there an arbitrage


1. Based on the following quotes,

Bank A: $1.2 = €1

Bank B: €1.55 = £1

Bank C: $1.86 = £1

Is there an arbitrage opportunity?

Select one:

a. Yes.

b. No.

2. Based on the following information, is there an arbitrage opportunity? If yes, what is the arbitrage profit in terms of a percentage?

Bank A: $1.6=€1

Bank B: $1.5=€1

Select one:

a. Yes, 5.6%.

b. Yes, 6.15%.

c. No.

d. Yes, 6.67%.

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Financial Management: Is there an arbitrage
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