Calculate how a market trader at citibank arbitrage profit


Problem:

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

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

National Westminsterquotes euros per pound               €1.2000/£

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

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Financial Management: Calculate how a market trader at citibank arbitrage profit
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