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

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 $1.61x2/ $1.61x6/ Bank of Scotland 1.28x3/ 1.28x5/ Societe Generale $1.26x4/ $1.26x6/

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