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Business, 28.10.2019 23:31 jadenpittman02

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 at $.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? that is, how much will you end up wth over and above the $1,000,000 you started with?

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Assume the bid rate of a new zealand dollar is $.33 while the ask rate is $.335 at bank x. assume th...
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