Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

# 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 $.32...

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 $.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 excute locational arbitrage.