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a)Consider two Tanzanian Banks, A and B, with the following quotes which are expressed as Ksh/Tsh. Bank ABank B Tsh quoteBidAskBidAsk Ksh0.06Ksh.0.07Ksh 0.08Ksh0.09 Required Compute

a)Consider two Tanzanian Banks, A and B, with the following quotes which are expressed as Ksh/Tsh.

Bank ABank B

Tsh quoteBidAskBidAsk

Ksh0.06Ksh.0.07Ksh 0.08Ksh0.09

Required

Compute the gain from locational arbitrage to a Tanzanian investor with Kshs.30 million to invest (5 marks)

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