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7. Betty Brown, a currency trader working for Sunomo Currency Group, wants to take advantage of possible price discrepancy in the foreign exchange market. She

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7. Betty Brown, a currency trader working for Sunomo Currency Group, wants to take advantage of possible price discrepancy in the foreign exchange market. She watched the ticker tape on her computer and saw the following quotes. Germany ask price quotation: Singapore ask price quotation U.S bid price quotation: $/ = $0.8600 SS/E=S$2.00 S/S$ = $0.5500 Is there a triangular currency arbitrage opportunity? If so, how much will Betty Brown gain

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