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 $1.6204 = 1.00 1.2352 = 1.00 $0.7932 = 1.00 Calculate the profit (loss) from the intermarket arbitrage profit through path #1 below: (Round to the nearest cent.) S 1,000,000.00 Path #1: US$ to euros to pounds to US$ Starting amount Convert to euros at Deutschebank quote Convert euros to pounds at NatWest quote Convert pounds to US$ at Citibank quote Arbitrage gain (loss) f S S Calculate the profit (loss) from the intermarket arbitrage profit through path #2 below: (Round to the nearest cent.) $ 1,000,000.00 f Path #2: US$ to pounds to euros to US$ Starting amount Convert to pounds at Citibank quote Convert pounds to euros at NatWest quote Convert euros to US$ at Deutschebank quote Arbitrage gain (loss) $ S Triangular arbitrage yields a positive profit. (Select from the drop-down menu.) 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 $1.6204 = 1.00 1.2352 = 1.00 $0.7932 = 1.00 Calculate the profit (loss) from the intermarket arbitrage profit through path #1 below: (Round to the nearest cent.) $ 1,000,000.00 Path #1: US$ to euros to pounds to US$ Starting amount Convert to euros at Deutschebank quote Convert euros to pounds at NatWest quote Convert pounds to US$ at Citibank quote Arbitrage gain (loss) f S $ Calculate the profit (loss) from the intermarket arbitrage profit through path #2 below: (Round to the nearest cent.) Path #2: US$ to pounds to euros to US$ Starting amount $ 1,000,000.00 Convert to poun Convert pounds it quote path #1 Convert euros to ank quote $ path #2 Arbitrage gai $ Triangular arbitrage yields a positive profit. (Select from the drop-down menu.)