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You work as a trader with Bank of America USA, you see the below quotations and wonders if you can make an intermarket arbitrage profit.

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You work as a trader with Bank of America USA, you see the below quotations and wonders if you can make an intermarket arbitrage profit. You have $1,000,000 to work with. Bank of America quotes USD1.9324 = LYD1.00 Gulf Bank quotes SAR 1.9405 = LYD1.00 Bank of England quotes USD0.2667 = SAR1.00 Is there an opportunity for an arbitrage profit? (Show your calculation for both profit and losses)

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