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2) Given the following market information: is there any arbitrage opportunity? If yes, show how it can be done. Spot 1-year 1-year 1-year forward CAD/SGD

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2) Given the following market information: is there any arbitrage opportunity? If yes, show how it can be done. Spot 1-year 1-year 1-year forward CAD/SGD CAD interest rate SGD interest rate CAD/SGD 1.2 2% 1% 1.195 per year per year

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