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INTERNATIONAL FINANCE Given the following exchange rate in Singapore and Malaysia: SGD/MYR = 3.0800 (Singapore) SGD/THB = 23.2400 (Singapore) MYR/THB = 7.5210 (Malaysia) Calculate the

INTERNATIONAL FINANCE

Given the following exchange rate in Singapore and Malaysia:

SGD/MYR = 3.0800 (Singapore)

SGD/THB = 23.2400 (Singapore)

MYR/THB = 7.5210 (Malaysia)

Calculate the profit/ (loss) from the above triangular arbitrage assuming your investment starts with SGD200,000.

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