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Problem 8 Intro Below are quotes for the Mexican Peso (MXN) from two banks: Bid Ask Bank Alpha Bank Delta Bank $0.041 $0.042 $0.045 $0.043

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Problem 8 Intro Below are quotes for the Mexican Peso (MXN) from two banks: Bid Ask Bank Alpha Bank Delta Bank $0.041 $0.042 $0.045 $0.043 Part 1 - Attempt 1/6 for 10 pts. If you have $110,000, what is your profit from exploiting this locational arbitrage opportunity once (in $)? + decimals Submit

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