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4.5 points Assume the rate of a New Zealand dollar is $0.27 at Bank X, and $0.29 at Bank Y. Given this information, what would
4.5 points Assume the rate of a New Zealand dollar is $0.27 at Bank X, and $0.29 at Bank Y. Given this information, what would be your gain if you use $1,000,000 and execute locational arbitrage? That is, how much will you end up with over and above the $1,000,000 you started with? (Please answer with a whole number) Question 36 Save Answer 
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4.5 points Assume the rate of a New Zealand dollar is $0.27 at Bank X, and $0.29 at Bank Y. Given this information, what would be your gain if you use $1,000,000 and execute locational arbitrage? That is, how much will you end up with over and above the $1,000,000 you started with? (Please answer with a whole number) Question 36 Save Answer
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