Assume the following information: Given this information, is locational arbitrage possible? If so, explain the steps involved in locational arbitrage, and compute the profit from this arbitrage if you had $1,000,000 to use. One could purchase Hong Kong dollars at H.B.C Bank for $.145 and sell them to, J.P. Bank for $.146. With $1 million available, my profit will be $6,896.55. One could purchase Hong Kong dollars at H.B.C Bank for $.144 and sell them to J.P. Bank for $.148. With $1 million available, my profit will be $4,000. One could purchase Hong Kong dollars at H.B.C Bank for $.144 and sell them to J.P. Bank for \$.148. With $1 million available, my profit will be $27,777.78. One could purchase Hong Kong dollars at H.B.C Bank for $.145 and sell them to J.P. Bank for \$.146. With $1 million available, my profit will be $1,000