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please check my answer Assume the bid rate of a Swiss franc is $0.430 while the ask rate is $.475 at Bank X. Assume the

please check my answer

Assume the bid rate of a Swiss franc is $0.430 while the ask rate is $.475 at Bank X. Assume the bid rate of the Swiss franc is $.460 while the ask rate is $0.404 at Bank Y. Given this information, what would be your gain if you use $4,500,000 and execute locational arbitrage?

Answer = 289,603.96

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