Suppose that Sailbridge Bank and Signbit Bank both act as financial intermediaries in the foreign exchange market. The quotations for the British

pound at the two banks are shown in the following table:

Suppose that you have $$11,000$ to use to engage in locational arbitrage.

Note: Round your answers to two decimal places.

To start, you use $$11,000$ to purchase

Bank $($since they have the cheaper price of pounds$).$

Note: Round your answers to two decimal places.

After purchasing these pounds, you sell them to

for a higher price than you originally paid, and receive

represents a profit of