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Question 18 4 pts XYZ bank has quoted an ask rate of $.305 for the Malaysian ringgit (MYR)and a bid rate of $.300. Bank B

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Question 18 4 pts XYZ bank has quoted an ask rate of $.305 for the Malaysian ringgit (MYR)and a bid rate of $.300. Bank B quotes a bid rate of $.306 and an ask rate of $.310 for the ringgit. What will be the profit for an investor who has $500,000 available to conduct locational arbitrage? Show all calculations

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