its technology; an initial investment Question 20 (1 point) Assume the bid rate of a New Zealand dollar is $.33 while the ask rate is $.335 at Bank X. Assume the bid rate of the New Zealand dollar is $.32 while the ask rate is $0.326 at Bank Y. Given this information, what would be your gain if you use $1,050,000 and execute locational arbitrage? That is, how much will you end up with over and above the $1,050,000 you started with? Your