Locational Arbitrage. Assume the following information:

Beal Bank Yardley Bank Bid price of New Zealand dollar $.734 $.731 Ask price of New Zealand dollar $.736 $.732

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 $100,000 to use. What market forces would occur to eliminate any further possibilities of locational arbitrage?