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Suppose that Sailbridge Bank and Signbit Bank have revised their quotations for the British pound. The revised quotations are shown in the following table: Sailbridge

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Suppose that Sailbridge Bank and Signbit Bank have revised their quotations for the British pound. The revised quotations are shown in the following table: Sailbridge Bid Ask Signbit Bid Ask British pound $1.68 $1.71 $1.71 $1.75 Suppose that you have $11,000 to use to engage in locational arbitrage. In this case, which is the most likely outcome of attempting to engage in locational arbitrage? Earn a profit of $334.50. O Earn a profit of $283.04. You cannot profit from locational arbitrage in this situation. O Earn a profit of $180.12

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