Suppose an investor would like to discover the possibility of an arbitrage opportunity. Assume an initial amount is $1,000,000. Calculate the triangular arbitrage opportunity.

Quoted Bid Price

Quoted Offer Price

Value of a British pound in US dollars

$ 1.60

$ 1.62

Value of a Euro () in US dollars

$ 1.42

$ 1.43

Value of a British pound in Euro ()

1.15

1.16

a. $36,750.00

b. -$35,447.31

c. -$7,960.81

d. $8,024.69