Please execute a triangular arbitrage based on the exchange rates provided below. Assume that you...
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Finance
Please execute a triangular arbitrage based on the exchange rates provided below. Assume that you start with $1,000,000, how much would be the profit of your arbitrage? List all the steps and cross-exchange rates to get full credit (12 points)
| Bid | Ask | |
| Citi Group Bank | $1.500/ | $1.600/ |
| Mitsubishi Bank | $0.010/ | $0.015/ |
| HSBC Bank | 200/ | 225/ |
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