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Bank X quotes: $1.25 / Bid and $1.27 / Ask, while Bank Y quotes: $1.28 / Bid and $1.29 / Ask. Find the location arbitrage

Bank X quotes: $1.25/ Bid and $1.27/ Ask, while Bank Y quotes: $1.28/ Bid and $1.29/ Ask. Find the location arbitrage profit. Start with using 1,000,000.

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