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Assume the bid rate of a Swiss franc is $0.400 while the ask rate is $.475 at Bank X. Assume the bid rate of the

Assume the bid rate of a Swiss franc is $0.400 while the ask rate is $.475 at Bank X. Assume the bid rate of the Swiss franc is $.460 while the ask rate is $0.494 at Bank Y. Given this information, what would be your gain or loss if you use $4,600,000 and execute locational arbitrage?

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