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QUESTION 18 Assume that the spot FX rate (S/SGD)=0.3000, and the (PHP/SGD)-2.0000 (where SGD is the Singapore dollar, and PHP is the Phillipine Peso). Also

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QUESTION 18 Assume that the spot FX rate (S/SGD)=0.3000, and the (PHP/SGD)-2.0000 (where SGD is the Singapore dollar, and PHP is the Phillipine Peso). Also assume that (PHP/$)=5.0000. Given this information, what is the arbitrage profit to a U.S. investor from conducting Triangular Arbitrage? a $750,000 b.$1,333,333.34 c. $250,000 d. $333,333.34

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