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SHOW ALL WORK PLEASE 3. Triangular Arbitrage Assume the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an inter-market arbitrage

SHOW ALL WORK PLEASE

3. Triangular Arbitrage

Assume the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an inter-market arbitrage profit.:

Citibank quotes U.S. dollar per pound: National Westminster quotes euro per pound: Deutsche Bank quotes dollars per euro:

$1.5400/ 1.6000/ $0.9700/image text in transcribed

3. Triangular Arbitrage Assume the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an inter-market arbitrage profit.: Citibank quotes U.S. dollar per pound: National Westminster quotes euro per pound: Deutsche Bank quotes dollars per euro: $1.5400/ 1.6000/ $0.9700/

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