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Suppose dealer 1 posts the following quotes: CAD/USD 1.2138/1.2259 BRL/USD2.3844/2.4082 If dealer 2 has a posted CAD/BRL bid price of .5250, compute the arbitrage profit

Suppose dealer 1 posts the following quotes:

CAD/USD 1.2138/1.2259

BRL/USD2.3844/2.4082

If dealer 2 has a posted CAD/BRL bid price of .5250, compute the arbitrage profit on a 1,000,000 USD investment.

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