366 50.271 D Question 33 2 pts Suppose that the bid ask spread for the actual cross rate between the British Pound and the Indian rupee is Rs80.25/- R$825555/EX the Bank of Calcutta. You have solved for the implied bid ask spread through the dollar quotes at another bank at Rs77 8352/E R$81.25/. Is there an arbitrage opportunity based on these quotes? If so, how would you set up the arbitrage opportunity? Yes, you would buy Dollars (sell Rupees) through the Bank of Calcutta and sell Dollars (buy Rupees) through the dollar quotes Yes, you would buy Pounds (sell Rupees) through the Bank of Calcutta and sell Pounds (buy Rupees) through the dollar quotes. Yes, you would buy Pounds (sell Rupees) through the dollar quotes and sell Pounds (buy Rupees) at the Bank of Calcutta. There is no opportunity for arbitrage. No new data to save. Last checked at 11:01pm