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PLEASE ANSWER AND SHOW ALL WORK. WILL LEAVE GOOD RATING To answer the following problem-solving questions, you have to SHOW HOW YOU SOLVED THEM! I.

PLEASE ANSWER AND SHOW ALL WORK. WILL LEAVE GOOD RATING
To answer the following problem-solving questions, you have to SHOW HOW YOU SOLVED THEM! I. (3) Reaad "An Example of Location Arbitrage" on textbook p.63. Now, if you buy A $1 million from Bank Y, then what is your profit in ? Describe the arbitrage strategy. Hint: Recall Rule \#2 presented in Chapter 3

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