Question: Score Part 3:Calculation (40 %, 10 points each) 14. Assume the bid rate of an Australian dollar is $0.621 while the ask rate is $0.625

Score Part 3:Calculation (40 %, 10 points each) 14. Assume the bid rate of an Australian dollar is $0.621 while the ask rate is $0.625 at Bank Q. Assume the bid rate of an Australian dollar is $0.613 while the ask rate is $.618 at Bank V. Given this information, what would be your gain if you use $500,000 and execute locational arbitrage

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