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Given the following quotes, calculate how much profit a market trader at Citibank with $1,000,000 can make with an inter-market arbitrage: Citibank quotes U.S. dollar

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Given the following quotes, calculate how much profit a market trader at Citibank with $1,000,000 can make with an inter-market arbitrage: Citibank quotes U.S. dollar per pound: National Westminster quotes euro per pound: Deutsche Bank quotes dollars per euro: $1.5400E 1.6000/ $0.9700/ Select one: a. $7731.96 O b. $7762.31 c. $7792.21 d. none of the choices is correct $7822.87

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