Live interactive audi State of New Jersey - S t2 problem solving Saved Help Save This is a problem solving question. Please do NOT use the answer box and you must email to the professor. Assume the following information for a bank quoting on spot exchange rates: Exchange rate of pound in U.S. $ $1.50 Exchange rate of Singapore dollar in U.S. $ $.30 Exchange rate of pound in Singapore dollars S$4.87 Given the information and you have $1,000,000. Is triangular arbitrage possible? If so, what is your arbitrage strategy? The arbitrage strategy is (Please do not use the answer box Email your work) Please do not round during intermediate steps and round your final answer to two decimal places. F2 Prtsen FB Home 59 End % 5 ) 0 6 7 8 9 V E R T U 0