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You are a currency trader and you observe the quotes below. Discuss whether locational arbitrage is possible. If it is possible, describe the steps you

You are a currency trader and you observe the quotes below. Discuss whether locational arbitrage is possible. If it is possible, describe the steps you would take to conduct it and calculate the arbitrage profit if you begin with $1,000,000

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UBS DeutscheBank |JPMorgan S (/)-1.1041S(s/ )-1.1039 Sa ($/ )-1.1042)-1.1042 )-1.1039 Sa ($/ )-1.1040 Sa ($/

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