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PLEASE SHOW WORK The bid-ask spread for CAD and USD is 1.2535-65. The bid-ask spread for SGD and USD is 1.3612-48. Both are indirect quotes.

PLEASE SHOW WORK

The bid-ask spread for CAD and USD is 1.2535-65. The bid-ask spread for SGD and USD is 1.3612-48. Both are indirect quotes. What is the no arbitrage cross rate for SGD/CAD?

PLEASE SHOW WORK

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