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American Bank quotes a bid rate of $0.26 and an ask rate of $0.27 for the Indian rupee; National Bank quotes a bid rate of

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American Bank quotes a bid rate of $0.26 and an ask rate of $0.27 for the Indian rupee; National Bank quotes a bid rate of $0.27 and an ask rate for $0.28. An American investor has $100,000 to conduct locational arbitrage. What is the total amount he will end up with after all necessary transactions have been conducted? O $128,000 384,615 Indian rupees $107,692 O $101,756

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