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Question 28 6 pts Given the following cross currency rates, identify an arbitrage trade and show the profit if you start with $1,000. (USD =

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Question 28 6 pts Given the following cross currency rates, identify an arbitrage trade and show the profit if you start with $1,000. (USD = U.S. dollar, SGD = Singapore dollar, CHF = Swiss franc. Highlight the steps as laid out below SGD:USD 3.00 : 1 CHF:USD 1.50 : 1 SGD:CHF 2.20 : 1 First convert $1,000 to [Choose] Then convert to [ Choose ] 4 Then convert to [Choose]

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