O words Question 6 6 pts A currency trader, Michael Lee, has observed the following quotes involving the dollar ($), the euro (), and the pound (). In Eurozone: per $ 1.2150-1.2200 In London: per -0.6302 -0.6315 In New York: $ per = 1.5184-1.5190 Is there an arbitrage opportunity for Michael? If so, what transactions would permit him to capture an arbitrage profit? Calculate the arbitrage profit assuming Michael currently holds $100. (6 marks) Edit View Insert Format Tools Table