Consider the following spot bid and ask rates: EURI.720-30/GBP USD0.9850-67/EUR USD1.7019-36/GBP Which of the following statements are true? If the spread from the implied rates overlaps with the spread from the quoted rates then an arbitrage opportunity exists. The implied EUR/GBP bid and ask rates are EUR1.7248-95/GBP. The rate at which the dealer/market maker sells USD for GBP is USD1.7036/GBP. The product of selling GBP for EUR, then selling EUR for USD and finally selling USD for GBP is 0.9987. None of the options in this question is correct.