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Vienna Corporate Treasury. A corporate treasury working out of Vienna with operations in New York simultaneously calls Citibank in New York City and Barclays in

Vienna Corporate Treasury. A corporate treasury working out of Vienna with operations in New York simultaneously calls Citibank in New York City and Barclays in London. The banks give the following quotes on the euro simultaneously. Citibank NYC Barclays London USD0.75922= EUR1.00 USD0.75964 = EUR1.00 USD0.74961 = EUR1.00 USD0.74973 = EUR1.00 Using $5.5 million or its euro equivalent, determine if and how the corporate treasury could make geographic arbitrage profit with the two different exchange rate quotes. Calculate the first arbitrage opportunity below: (Round to the nearest cent.) Arbitrage Strategy #1 Initial investment Arbitrage profit (loss) This attempt ends in a $ 5,500,000.00 $ (Select from the drop-down menu.) Calculate the second arbitrage opportunity below: (Round to the nearest cent.) Arbitrage Strategy #2 Initial investment $ 5,500,000.00 $ $ Arbitrage profit (loss) This attempt ends in a (Select from the drop-down menu.)

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