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1. Assume the following information for the Mexican peso: Bank Bid Price Ask Price A $0.0450 $0.0500 B $0.0550 $0.0600 Is locational arbitrage possible? If

1. Assume the following information for the Mexican peso:

Bank	Bid Price	Ask Price
A	$0.0450	$0.0500
B	$0.0550	$0.0600

Is locational arbitrage possible? If so, how much is your profit in USD if you start with $1,000,000USD?

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