National Bank quotes the following for the British pound and the New Zealand dollar:

Quoted Bid Price Quoted Ask Price

Value of a British pound () in $ $1.61/ $1.62/

Value of a New Zealand dollar (NZ$) in $ $.55/ NZ$ $.57/ NZ$

Value of a British pound in

New Zealand dollars NZ$2.96/ NZ$2.99/

Assume you have 500,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?

1,554.

3,628.

4,642.

7,562.

None of the above.