Bank a quotes a bid rate of 300 and an ask rate of 305 for, Ask an Expert

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Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 and an ask rate of $.310 for the ringgit. What will be the profit for an investor who has $500,000 available to conduct local arbitrage?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91772613

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