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(Step 3 of triangular arbitrage) Yu are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.205 - 1.00 and

(Step 3 of triangular arbitrage) Yu are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.205 - 1.00 and the dollar-pound exchange rate is quoted at $1.185 1.00. If a bank quotes you a cross rate of 1.00 - 1.010, how much money can an astute trader make? O $27.046.41 No arbitrage profits exist $26,334.17 $6,809.54 O $118,565.40

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