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Below are the bid and ask rates for the Swiss Franc (CHF) at 2 banks. Briefly explain whether locational arbitrage profits are possible. Bid Ask

Below are the bid and ask rates for the Swiss Franc (CHF) at 2 banks. Briefly explain whether locational arbitrage profits are possible.

Bid Ask

Bank 1 $1.0146/CHF $1.0346/CHF

Bank 2 $1.0216/CHF $1.0416/CHF

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