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Given the following information, take advantage of the triangular arbitrage opportunity and calculate the US dollar profit for an investment of $1,000,000. Keep at least
Given the following information, take advantage of the triangular arbitrage opportunity and calculate the US dollar profit for an investment of $1,000,000. Keep at least two decimals in your calculations and round at the very end to enter your answer with no decimals (i.e, if your final answer is 9.98, you will enter 10).
Singapore dollar in US dollars (USD/SGD) | 0.73 |
US dollars in British pounds (GBP/USD) | 0.82 |
Singapore dollar in British pounds (GBP/SGD) | 0.71 |
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