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6 The Singapore dollarU.S. dollar (SGD/USD) spot exchange rate is SGD1.60/USD, the Canadian dollarU.S. dollar (CAD/USD) spot rate is CAD1.33/USD and the SGD/CAD1.15. Determine the

6 The Singapore dollarU.S. dollar (SGD/USD) spot exchange rate is SGD1.60/USD, the Canadian dollarU.S. dollar (CAD/USD) spot rate is CAD1.33/USD and the SGD/CAD1.15. Determine the triangular arbitrage profit that is possible if you have USD 1,000,000. a. $46,093 profit b. $46,093 loss c. $44,063 profit d. No profit is possible

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