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Question Three (3 Marks); Given that: Bank Quotations Bid Ask AB Bank :$ $1.9713 $1.9717 ML Bank :$ $1.4738 $1.4743 : 1.3320 1.3327 KF Bank

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Question Three (3 Marks); Given that: Bank Quotations Bid Ask AB Bank :$ $1.9713 $1.9717 ML Bank :$ $1.4738 $1.4743 : 1.3320 1.3327 KF Bank Do you think that an investor who has 1 million can make any arbitrage profit? If yes, show exactly how he/she can do it, and how much money he/she can make

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