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3. Triangular Arbitrage Assume the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an inter-market arbitrage profit.: Citibank quotes U.S.

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3. Triangular Arbitrage Assume the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an inter-market arbitrage profit.: Citibank quotes U.S. dollar per pound: $1.5400/f National Westminster quotes euro per pound: E1.6000/f Deutsche Bank quotes dollars per euro: $0.9700/E

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