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5 7 . Assume the following information for a bank quoting on spot exchange rates: Exchange rate of Singapore dollar in U . S .

57. Assume the following information for a bank quoting on spot exchange rates:
Exchange rate of Singapore dollar in U.S. $ = $.60
Exchange rate of pound in U.S. $ = $1.50
Exchange rate of pound in Singapore dollars = S$2.6
Based on the information given, as you and others perform triangular arbitrage, what should
logically happen to the spot exchange rates?

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