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Given the folowing spot quotes : EURGBP 0 . 6 8 5 0 GBPUSD 1 . 9 9 2 0 EURUSD 1 . 2 2

Given the folowing spot quotes :
EURGBP 0.6850
GBPUSD 1.9920
EURUSD 1.2200
Notation "XYZABC n" means one needs n units of currency ABC to buy one unit of currency XYZ.
Do a triangular arbitrage starting with EUR 100,000,000.
What is your profit in USD?
Question 13 options:
19,597,000 USD
14,452,000 USD
There is no opportunity for arbitrage
8,027,000 USD

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