Assume the bid rate of a Singapore dollar is $.40 while the ask rate is $.41 at Cold Bank. Assume the bid rate of a Singapore dollar is $.42 while the ask rate is $.425 at Red Dot Bank. Given this information, what would be your gain if you use $1,575,000 and execute locational arbitrage? That is, how much will you end up with over and above the $1,575,000 you started with?