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net profit can you make? a. USD 38,247 b. USD 103,118 c. USD 5,383 d. USD 89,878 You have received currency exchange rates from three

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net profit can you make? a. USD 38,247 b. USD 103,118 c. USD 5,383 d. USD 89,878

You have received currency exchange rates from three different dealers, USD 0.93/CAD, USD 1.1 /SGD, and SGD 0.97/CAD. Using the USD 700,000 to execute the triangular arbitrage, how much net profit can you make? o O o O b. d. USD 38,247 USD 103,118 USD 5,383 USD 89,878

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