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Suppose you are observing the three exchange rates among US dollars (USD, $), Singapore dollars (SGD, S$), and Thai baht (THB, B) as follows. S

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Suppose you are observing the three exchange rates among US dollars (USD, $), Singapore dollars (SGD, S$), and Thai baht (THB, B) as follows. S SGD USD = 1.39, S (RED) = 20.52, S THB USD - = 31.83. If a US dollar holder does the triangular arbitrage with $1000 once, then the resultant arbitrage profit will be US dollar USD, S B31.83/$ S$1.39/$ Thai baht THB, B Singapore dollar SGD, SS B20.52/S$ O $116 O $0 $54 0590

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