$20$ Around the Horn. Assuming the following quotes,

calculate how a market trader at Citibank with

$$1,000,000$ can make an intermarket arbitrage

profit.

Citibank quotes U$.$S$.$ dollar per

pound

$$1\mathrm{.}5900=1\mathrm{.}00$

National Westminster quotes

euros per pound

$1\mathrm{.}2000=1\mathrm{.}00$

Deutschebank quotes U$.$S$.$ dollar

per euro

$$0\mathrm{.}7550=1\mathrm{.}00$