You are a U$.$S$.-$based treasurer with $$1,000,000$ to invest. The dollar$-$euro exchange rate is quoted as $$1\mathrm{.}50=1\mathrm{.}00$ and the dollar$-$pound exchange rate is quoted at $$2\mathrm{.}00=1\mathrm{.}00.$ If a bank quotes you a cross rate of $1\mathrm{.}00=1\mathrm{.}27,$ how much arbitrage profit can you make?

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