National Bank Quotes the Following for the British Pound and the New

Multiple Choice

National Bank quotes the following for the British pound and the New Zealand dollar:
$\begin{array}{ll}&\text { Quoted Bid Price } & \text {Quoted Ask Price } \\\text {Value of a British pound (£) in \(\$\) } & \text { \$ 1.61 }&\text { \$1.62 } \\\text {Value of a New Zealand dollar (NZ\$) in \(\$\) } &\text { \$ .55 }&\text { \$ 0.56 } \\\text {Value of a British pound in } && \\\text {New Zealand dollars } &\text NZ\$2.95&\text NZ\$2.96 \\\end{array}$

Assume you have $10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?

A) $77.64
B) $197.53
C) $15.43
D) $111.80