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3. Assuming no transaction costs, suppose the following quotes are available [NY: $1.25961/, Paris: $1.12952/, Singapore: 1.21517/]. How could you take profitable advantage of these

3. Assuming no transaction costs, suppose the following quotes are available [NY: $1.25961/, Paris: $1.12952/, Singapore: 1.21517/]. How could you take profitable advantage of these rates? Assume you have $1,000,000

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