4. Use the text box below to address the following questions and prompts. 1) Define the term arbitrage and differentiate between locational, triangular and covered interest arbitrage. 2) Why is it unlikely as an individual to be able to take advantage of location arbitrage? 3) How does the bid and ask spreads impact arbitrage? 4) What is realignment and how does it occur for locational, triangular and covered interest arbitrage situations