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Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: USD/CHF = 0.9010 AUD/USD = 0.7633 and AUD/CHF = 0.6850 He has $1,000,000 to

Doug Bernard specializes in cross-rate arbitrage. He notices the following quotes: USD/CHF = 0.9010 AUD/USD = 0.7633 and AUD/CHF = 0.6850 He has $1,000,000 to do arbitrage. He believes the USD/CHF is out of sync. He believes that he can make money selling USD (buying francs) Ignoring transaction costs, how much would Doug Bernard make or lose if he follows his belief. (answer in USD, no cents)

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