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The bid-ask quotes for the USD, GBP, and EUR are: EUR/USD: 0.7000 - 0.7010 USD/GBP: 1.7000 - 1.7010 EUR/GBP: 1.2000 - 1.2010 Calculate the potential

The bid-ask quotes for the USD, GBP, and EUR are:

EUR/USD: 0.7000 - 0.7010

USD/GBP: 1.7000 - 1.7010

EUR/GBP: 1.2000 - 1.2010

Calculate the potential arbitrage profit from a triangular arbitrage based on an initial position of 1 million.

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