Consider the following exchange rates and the cross-exchange rate between the British pound (GBP) and Chinese Yuan (CNY). Quoted bid price Quoted ask price Value of Chinese Yuan (CNY) in US\$ \$0.1388 $0.1392 Value of British pound (GBP) in US\$ \$1.1028 $1,1029 Value of GBP in CNY 78.8770 8.8773 Suppose you spotted an arbitrage opportunity, and your initial investment is $1,000,000. How much is your profit if you execute the arbitrage strategy? $114,170.7320 $119,170.7320 $115,170.7320 $117,170,7320