You are given three exchange rates below. Assess (yes/no) whether an opportunity exists for arbitrage (support your answer with an explanation).
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Your response should be at least 100 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Moffett, M. H., Stonehill, A. I., & Eiteman, D. K. (2012). Fundamentals of multinational finance. (IV ed., p. 162). New York: Pearson.
(Moffett, Stonehill & Eiteman, 2012)
No Wiki, no dictionary.com, please cite all work.