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Given the spot Singapore dollar (S$) - US dollar exchange rate S(S$/$)=1.60, the Canadian dollar (C$) - US dollar spot rate S(C$/$)=1.33, and the $C$-spot

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Given the spot Singapore dollar (S\$) - US dollar exchange rate S(S$/$)=1.60, the Canadian dollar (C\$) - US dollar spot rate S(C$/$)=1.33, and the $C$-spot rate S(S$/C$)=1.15. Determine the triangular arbitrage profit that is possible if you have $1,000,000. $44,063 $46,093 No profit is possible $156,522

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