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The table below presents quotes and cross-quotes on GBP and CHF.USD/GBP: Price for GBP in...

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Accounting

The table below presents quotes and cross-quotes on GBP and CHF.

USD/GBP: Price for GBP in New York (in USD):USD/CHF: Price for CHF in Chicago (in USD)CHF/GBP: Price for GBP in Zurich (in CHF)
USD 1.725 for 1 GBPUSD 0.645 for 1 CHFCHF 2.75 for 1 GBP



If the speculator has access to USD 20,000,000, calculate the maximum profit in one triangular transaction.



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