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Maxwell a US based broker has $1 000 000 to invest. The dollar-euro exchange rate is quoted as $1.20/Euro and the dollar-pound exchange rate as

Maxwell a US based broker has $1 000 000 to invest. The dollar-euro exchange rate is quoted as $1.20/Euro and the dollar-pound exchange rate as $1.80/Pound. The American bank quoted him a cross rate of 1.4998 euros/pound. What is Maxwell's profit?

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