Question: Hello, help please You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.53=1.00 and the dollar-pound exchange rate

Hello, help please

You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.53=1.00 and the dollar-pound exchange rate is quoted at $1.83=1.00. If a bank quotes you a cross rate of 1.00=1.12 how much money can an astute trader make? $1,160,000 No arbitrage is possible $67,927 $41,667

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