You are a trader at Bancolombia (Colombian Bank) with 1 million dollar at hand. From your terminal, you notice that Santander Bank is quoting 3.52COP/$, and HSBC America is offering 0.82/$. You learn that a European bank has a direct market between the Colombian Peso and the euro, with a current quote of 0.26/COP. What would be the profit using a triangular arbitrage by trading at these prices. (Don't take in account bid-ask)

Select one: a. $104,021 b. $80707 c. $909,922 d. $116,097