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Assume the bid rate of Canadian dollar is {dollar1} while the ask rate is 0.5 at Bank VC. Assume the bid rate of a Canadian

Assume the bid rate of Canadian dollar is {dollar1} while the ask rate is 0.5 at Bank VC. Assume the bid rate of a Canadian dollar is 0.7 while the ask rate is {dollar4} at Bank VC. Given this information, what would be your gain if you use 74723 and execute locational arbitrage? Answer:

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