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1 March, 13:06

Assume the bid rate of a new zealand dollar is $.33 while the ask rate is $.335 at bank x. assume the bid rate of the new zealand dollar is $.32 while the ask rate is $.325 at bank y. given this information, what would be your gain if you use $1,000,000 and execute locational arbitrage?

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  1. 1 March, 13:28
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    I think you might have to add then subtract
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