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2. National Bank quotes the following for the British pound and the Singapore dollar: Quoted Bid Price Quoted Ask Price Value of a British pound

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2. National Bank quotes the following for the British pound and the Singapore dollar: Quoted Bid Price Quoted Ask Price Value of a British pound () in $ $1.31 $1.32 Value of a Singapore dollar (S$) in $ $.65 $.66 Value of a British pound in Singapore dollars S$2.05 S$2.06 Assume you have $10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy? (1.1 points)

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