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On checking the Reuters screen, you see the following exchange rate and interest rate quotes. Can you find the arbitrage opportunity? Currency: 90-day interest rates:

On checking the Reuters screen, you see the following exchange rate and interest rate quotes. Can you find the arbitrage opportunity?

Currency: 90-day interest rates: Spot Rates: 90-day forward rates:

Pound 8 7/16 - 5/16% Y= 159.9696-9912/L Y=145.5731-8692/L

Yen 3 3/8 - 1/4%

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