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A dealer quotes NZD 1.4255/USD for the New Zealand dollar while another dealer quotes SGD 1.3455/USD for the Singapore dollar. A third dealer quotes NZD

A dealer quotes NZD 1.4255/USD for the New Zealand dollar while another dealer quotes SGD 1.3455/USD for the Singapore dollar. A third dealer quotes NZD 1.1015/SGD. How can a New Zealand investor arbitrage use the above rates with NZD 100,000?

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