The bid and ask price for the Australian dollar (AUD) at East bank are $0.70...
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The bid and ask price for the Australian dollar (AUD) at East bank are $0.70 and $0.72, respectively. Likewise, the bid and ask price for AUD at West bank are $0.74 and $0.76, respectively. If you start with $1,000, calculate the profit from one round trip transaction in locational arbitrage rounded to the nearest whole dollar amount. o $28 o $55 O $86 O $57
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