Assume at Chase Bank the bid rate of a Brazilian real is $.25 while the ask rate is $.27. Assume at the Bank of America the bid rate of a Brazilian real is $.29 while the ask rate is $.30. 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?