Assume the bid rate of an Australian dollar is $0.658 while the ask rate is $0.660 at Bank of Commerce. Assume the bid rate of an Australian dollar is $0.653 while the ask rate is $0.655 at Bank of TAMU. 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? $10,719.76. $7,633.59. $3,000.00 $4,580.15