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Around the horn assuming the following quotes calculate how

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

Citibank quotes U.S. dollar per pound $1.5900/£

National Westminster quotes euros per pound $1.2000/£

Deutschebank quotes U.S. dollar per euro $0.7550/€

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Management Theories: Around the horn assuming the following quotes calculate how

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