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Bank 1 has a bid rate of $.70 and an ask rate of $.71 for the...

Bank 1 has a bid rate of $.70 and an ask rate of $.71 for the New Zealand dollar. Bank 2 has a bid rate of $.71 and an ask rate of $.715 for the New Zealand dollar. You use $5 million to engage in locational arbitrage. How much will you end up with over and above the $5 million you started with?

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