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Question 26 (1 point) Assume the bid rate of a Swiss franc is $0.442 while the ask rate is $.475 at Bank X. Assume the

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Question 26 (1 point) Assume the bid rate of a Swiss franc is $0.442 while the ask rate is $.475 at Bank X. Assume the bid rate of the Swiss franc is $.460 while the ask rate is $0.478 at Bank Y. Given this information, what would be your gain or loss if you use $4,900,000 and execute locational arbitrage? Your

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