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Suppose that three different currency dealers are offering the following U.S. dollar and cross exchange rates: Dealer A bid $1.757E & ask $1.77/E Dealer B

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Suppose that three different currency dealers are offering the following U.S. dollar and cross exchange rates: Dealer A bid $1.757E & ask $1.77/E Dealer B bid 0.80/$ & ask 0.82/5: Dealer C bid 1.39/ & ask 1.43/: What are the bid and ask exchange rates for euro () per British pound (E) that are implied from the U.S. dollar quotations? Is there a triangular arbitrage opportunity? Select one: a. Implied Bid = 2.19/; Implied Ask = 2. 10/: Yes b. Implied Bid = 1.40/; Implied Ask = 1.45/: Yes C. Implied Bid = 1.40/: Implied Ask = 1.45/E, No d. Implied Bid - 1.42/; Implied Ask + 1.44/6; No

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