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. You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as S($/) = $1.50/1.00 and the dollar-pound exchange rate

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. You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as S($/) = $1.50/1.00 and the dollar-pound exchange rate is quoted at S($/) = $2.00/1.00. If a different bank quotes you a cross rate of S(/ ) = 1.25/1.00 , how can you make money? What is your profit

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