Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 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 $1.6005 = 1.00 1.2239 = 21.00 $0.7404 = 1.00 Calculate the profit (loss) from the intermarket arbitrage profit through path #1 below: (Round to the nearest cent.) Path #1: US$ to euros to pounds to US$ Starting amount $ 1,000,000.00 Convert to euros at Deutschebank quote