Question: 3. By using the below mentioned quotes, calculate whether the market trader with $1000000 can make an arbitrage profit or not. If yes, how much

3. By using the below mentioned quotes, calculate whether the market trader with $1000000 can make an arbitrage profit or not. If yes, how much is the arbitrage profit? (25 pts) Banks Bid Ask BNP Paribas $1.61327 $1.6136/ Bank of Scotland 1.28337 1.2835/ Societe Generale $1.26347 $1.2636/
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