b) Suppose the pound sterling is bid at ₻ 1.9724 in New York and the Euro is offered at ₻1.3450 in Frankfurt. At the same time London banks are offering the sterling pound at €1.4655 Required Show the steps that an astute trader would follow to earn a riskless profit through a triangular arbitrage. Assume the trader begins in New York with ₻1,000,000