Question 10 (3.23 points) Assume the following information: Bid price of Fijian dollar Ask price of Fijian dollar Capital One $0.40 $0.41 Citi Bank $0.420 $0.425 Given this information, is locational arbitrage possible? If so, explain the steps involved in locational arbitrage, and compute the profit from this arbitrage if you had $1,000,000 to use. O I could purchase Fijian dollars at Capital One for $0.41 and sell them to Citi Bank for $0.425. With $1 million available, my profit will be $36,585.
O I could purchase Fijian dollars at Capital One for $0.41 and sell them to Citi Bank for $0.420. With $1 million available, my profit will be $24,390. O I could purchase Fijian dollars at Capital One for $0.41 and sell them to Citi Bank for $0.420. With $1 million available, my profit will be $10,000. O I could purchase Fijian dollars at Capital One for $0.40 and sell them to Citi Bank for $0.420. With $1 million available, my profit will be $11,764.
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