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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 Citbank 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 Citbank quotes US dollar per pound National Westminster quotes euros per pound Deutschebank quotes U.S. dollar per euro $1.6326 1.00 1.1664-100 $0.7573-1.00 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 $ 1,000,000.00 Convert to euros at Deutschebank quote Convert euros to pounds at NatWest quote E Convert pounds to US$ at Citibank quote $ Arbitrage gain (loss) Calculate the profit (loss) from the intermarket arbitrage profit through path #2 below. (Round to the nearest cent.) Path #2: USS to pounds to euros to US$ Starting amount S 1,000,000.00 Convert to pounds at Citibank quote Convert pounds to euros at NatWest quote Convert euros to US$ at Deutschebank quote Adidaan asin Banak E $

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