1.)Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 and an ask rate of $.310 for the ringgit. What will be the profit for an investor who has $500,000 available to conduct locational arbitrage?

(Reminder: "arbitrage" is in effect buying low and selling high - "locational" just means that you are exploiting mispricing between 2 different "locations," or banks)