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Suppose that the interbank forward bid for March 2 0 on Singapore dollar is $ 0 . 7 8 2 7 at the same time

Suppose that the interbank forward bid for March 20 on Singapore dollar is $0.7827 at the
same time that the price of IMM Singapore dollar futures for delivery on March 20 is
$0.7795. How much of an arbitrage profit could a dealer earn per March Singapore dollar
futures contract of S$125,000?

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