Question: Question 31 The table below presents quotes and cross-quotes on GBP and EUR. Price for GBP in Chicago (USD/GBP) 1 GBP = USD 1.45 Price

Question 31 The table below presents quotes and cross-quotes on GBP and EUR. Price for GBP in Chicago (USD/GBP) 1 GBP = USD 1.45 Price for EUR in New York (USD/EUR) 1 EUR USD 1.15 Price for EUR in London (GBP/EUR) 1 EUR = GBP 0.7852 If a trader has access to $5,000,000, calculate the maximum profit in one triangular arbitrage transaction. $50,328 $1,886,385 $106,060 $5,618,687

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