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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 US

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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 US dollar per pound $1.5524 - 21.00 National Westminster quotes euros per pound 1 2087 - 21.00 Deutschebank quotes U.S. dollar per euro S0.7201 1.00 Calculate the profit (loss) from the intermarket arbitrage profit through path #1 below! (Round to the nearest cent.) Path #1: US$ to euros to pounds to USS Starting amount Convert to euros at Deutschebank quote S 1,000,000.00 Around the Hom. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit a Citibank quotes U.S. dollar per pound $1.6091 = 21.00 National Westminster quotes euros per pound 1.1598 21.00 Deutschebank quotes U.S. dollar per euro $0.7318 1.00 Calculate the profit (loss) from the intermarket arbitrage profit through path #1 bolow: (Round to the nearest cent.) Path #1: US$ to euros to pounds to USS Starting amount Convert to euros at Deutschebank quote s 1,000,000.00 0

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