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Suppose you have $842,965 to invest.You obtained exchange rate quotes as below. AmericanTerm Bid Ask British Pound ($/)1.5392 1.5408 Euro($/)1.3066 1.3091 Euro:Pound (/)1.1831 1.1869 Is

Suppose you have $842,965 to invest.You obtained exchange rate quotes as below.

AmericanTerm

Bid Ask

British Pound ($/)1.5392 1.5408

Euro($/)1.3066 1.3091

Euro:Pound (/)1.1831 1.1869

Is there an arbitrage opportunity?

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