Assume that the spot FX rate ($/SGD)=0.3000, and tHe (PHP/SGD)=2.0000 (where SGD is the Singapore dollar, and PHP is the Phillipine Peso). Also assume that (PHP/$)=5.0000. Given this information, what is the arbitrageprofit to a U.S. investor fromconducting Triangular Arbitrage?

a.	$333,333.34
b.	$750,000
c.	$1,333,333.34
d.	$250,000

Assume the bid rate of the Singapore dollar (SGD) is $0.3300, while the ask rate is $0.3350 at Bank A. Assume the bid rate for the SGD at Bank B is 0.3200, while the ask rate $0.3250. Given this information, what would be your gain if you use $1,000,000 to execute locational arbitrage?

a.	$18,998.9
b.	$15,348.6
c.	$14,771.2
d.	$0

The one year interest rate for 30 year BBB-rated corporate bonds denominated in Singaporedollars is 9%, while the corresponding U.S. interest rate for BBB-rated corporate bonds denominated in U.S. dollars is 7%. If the currrent spot rate of ($/SGD)=0.1800, where SGD is Singapore dollars, what is your best estimate of the expected future spot FX rate ($/SGD) in one year?

a.	0.1834
b.	0.1767
c.	0.1800
d.	none of the above

The inflation rates in the U.S. and Mexico are 7%, and 14%, respectively. If the current spot FX rate of the Mexican Peso (MXN) is $0.1500/MXN, what is your best estimate of the peso's expected future spot FX rate ($/MXN) in 2 years?

a.	0.1829
b.	0.1863
c.	0.1408
d.	0.1321

Assume that Interest Rate Parity holds; the 5-year interest rate in the U.S. on A-rated corporate bonds is 5% per year, and the corresponding interest rate on MexicanA-rated corporate bonds is 8% per year. Assume that the current spot FX rate for ($/MXN)=0.2000, where MXN is the Mexican Peso, what is the approximate 5-year forecast of the MXN peso future spot rate 5 years from today?

a.	$0.1944/MXN
b.	$0.1737/MXN
c.	$0.2057/MXN
d.	$0.2302/MXN