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PLEASE SHOW WORK Youre a currency trader and observe that Barclays Bank in London has a bid-ask price for /$ at 0.7606 19. You also

PLEASE SHOW WORK

Youre a currency trader and observe that Barclays Bank in London has a bid-ask price for /$ at 0.7606 19. You also observe that JP Morgan has bid-ask spread for $/ at 1.3155-70. You have a line of credit to borrow up to $10,000,000. How would you carry out an arbitrage to profit from this? How much would be your profit?

PLEASE SHOW WORK

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