Question: QUESTION 4 Given the following information, determine the profit using locational arbitrage on an initial sum of 2,000,000 Bank A Bank B Bid rate Ask

QUESTION 4 Given the following information, determine the profit using locational

QUESTION 4 Given the following information, determine the profit using locational arbitrage on an initial sum of 2,000,000 Bank A Bank B Bid rate Ask rate Bid rate Ask rate 0.20/5 0.21/$ 0.23/5 0.24/5

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