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Assume the following information: Bank A Bank B Bid price of Malaysian ringgit US$0.30 US$0.306 Ask price of Malaysian ringgit US$0.305 US$0.31 Given this

Assume the following information: Bank A Bank B Bid price of Malaysian ringgit US$0.30 US$0.306 Ask price of Malaysian ringgit US$0.305 US$0.31 Given this information, compute the profit from locational arbitrage for an investor with US$500,000.

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