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

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Assume the following information for a bank quoting on spot exchange rates: Exchange rate of pound in U.S. $ Exchange rate of Singapore dollar in U.S. $ Exchange rate of pound in Singapore dollars $1.50 $.30 S$5.07 Given the information and you have $1,000,000. Is triangular arbitrage possible? If so, what is your arbitrage strategy

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