A currency trader in Germany notices that the following quotations in Paris, France, and Frankfurt currency

markets and is looking if there is an arbitrage opportunity to make a profit. The trader is working with a

capital of $$5,000,000.$

Bid Ask

Paris France S$0/$$ $0\mathrm{.}76270\mathrm{.}7820$

UK S$0$$$/$ $$1\mathrm{.}9072$ $$1\mathrm{.}9285$

Frankfurt S$0/1\mathrm{.}41901\mathrm{.}4510$

a$.$ Is there an arbitrage profit opportunity? Support your answer with a cross$-$exchange rate of $

per $$ comparison between Paris and Frankfurt.

b$.$ Show, if any, what is the amount of the arbitrage profit