Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket

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Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit:
Citibank quotes U.S. dollar per pound:$1.5900/£
National Westminster quotes euros per pound:€1.2000/£
Deutschebank quotes U.S. dollar per euro:$0.7550/€
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Multinational Business Finance

ISBN: 978-0132743464

13th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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