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ame the following information for a bank quoting spot exchange rates: Exchange rate of Singapore dollar in U.S. S $.60 Exchange rate of pound in

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ame the following information for a bank quoting spot exchange rates: Exchange rate of Singapore dollar in U.S. S $.60 Exchange rate of pound in U.S.S $1,50 Exchange rate of pound in Singapore dollars S$2.65 Assume no transactions costs. Explain the steps you would take to earn any possible profit and calculate profit if you were to speculate with $100,000. AM 1

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