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Problem 1 You are given the following information. Is there an arbitrage opportunity? If so how do you take advantage of it? S(CLP/GBP) S(VEF/GBP) S(VEF/CLP)

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Problem 1 You are given the following information. Is there an arbitrage opportunity? If so how do you take advantage of it? S(CLP/GBP) S(VEF/GBP) S(VEF/CLP) 1,017.8500 323,555.8305 317.9555 Starting amount GBP 1,000,000.00

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