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Given the following information, take advantage of the triangular arbitrage opportunity and calculate the US dollar profit for an investment of $1,000,000. Make sure to

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Given the following information, take advantage of the triangular arbitrage opportunity and calculate the US dollar profit for an investment of $1,000,000. Make sure to calculate and show the cross-rate, clearly state which currency is overvalued/undervalued by Dealer 3, and show the steps in the triangular arbitrage (you will not receive full credit if you don't show any triangular arbitrage steps). Euro in US dollars 1.50 (USD/EUR) British pounds in US dollars 2.00 (USD/GBP) Dealer 3: Euro in pounds 0.80 (GBP/EUR)

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