Question: i need help please You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.27 = 1.00 and the

i need help please i need help please You are a U.S.-based treasurer with $1,000,000 to

You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.27 = 1.00 and the dollar-pound exchange rate is quoted at $1.87 - 1.00. If a bank quotes you a cross rate of 1.00 - 1.25, how much money can an astute trader make? $167,897 $41,667 $177,953 No arbitrage is possible

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