alculate the profit (loss) from the intermarket arbitrage profit through path #1 below: (Round to the nearest cent.)

Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with Sl can make an intermarket arbitrage profit. Citibank quotes U.S. dollar per pound National Westminster quotes euros per pound Deutschebank quotes U.S. dollar per euro $1.6603 -El 00 12101 -El 00 $0.7195-1 00 Calculate the profit (loss) from the intermarket arbitrage profit through path #1 below: (Round to the nearest cent.) Path #1: USS to euros to pounds to USS Starting amount Convert to euros at Deutschebank quote 1 ,ooo ,ooo.oo