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6. You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.50-1.00 and the dollar-pound exchange rate is quoted

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6. You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.50-1.00 and the dollar-pound exchange rate is quoted at $2.00 = 1.00. If a bank quotes you a cross rate of 1.00 1.25, how much money can you make from arbitrage? A. No arbitrage is possible. B. $66,667 C. $62,500 D. $93,750

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