Question: Problem 5-19 (algorithmic) Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit

Problem 5-19 (algorithmic) Around the Horn. Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000 can make an intermarket arbitrage profit Question Help * ome Citibank quotes U.S. dollar per pound National Westminster quotes euros per pound Deutschebank quotes U.S. dollar per euro $1.6311 1.00 1.1744 $0.7915= 1.00 ents 1.00 lan Calculate the profit Oss) from the intermarket arbitrage proft through path #1 below: (Round to he nearest cont) Path #1 : US$ to euros to pounds to US$ Starting amount Convert to euros at Deutschebank quote n eTex ent Shi edia L cial Calo 1,000.,000.00

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