Locational arbitrage. Assume the following information:, Beal Bank Yardley Bank,Bid price of New Zealand dollar $.401 $.398,Ask price of New Zealand dollar $.404 $.400,,Given this information, is locational arbitrage possible? ,,If so explain the steps involved in locational arbitrage, and compute the profit from this arbitrage if you had $1 million to use. What market forces would occur to eliminate any further possibilities of locational arbitrage? ,,,
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