3. A corporate treasury with operation in New York simultaneously calls Citibank in New York and Barclays in London, where it receives the following quotes at the same time: Citibank NYC USD1.3650-70/EUR Barclays London USD1.3649-60/EUR Using USD1million or its EUR equivalent and ignoring transaction costs, show how the corporate treasury might make a geographic arbitrage profit with the two different exchange rate quotes