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

$$1\mathrm{.}6342=1\mathrm{.}00$

$1\mathrm{.}1803=1\mathrm{.}00$

$$0\mathrm{.}7919=1\mathrm{.}00$

National Westminster quotes euros per pound

Deutschebank quotes U$.$S$.$ dollar per euro

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$

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