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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

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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 Thai baht at Community Bank for $0.10 and sell them to Alliance Bank for $0.14. With $1 million available, my profit will be $400,000. One could purchase Thai baht at Community Bank for $0.11 and sell them to Alliance Bank for $0.13. With $1 million available, my profit will be $20,000. One could purchase Thai baht at Community Bank for $0.11 and sell them to Alliance Bank for $0.13. With $1 million available, my profit will be $181,818.18. One could purchase Thai baht abCommunity Bank for $0.10 and sell them to Alliance Bank for $0.14. With $1 million available, my profit will be $40,000

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