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The Singapore Dollar/U.S. dollar (S$$) spot exchange rate is 1.60, the Canadian Dollar/U.S. dollar (CDN$/$) spot rate is 1.33 and the S$/CDN$ spot-rate is 1.15.

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The Singapore Dollar/U.S. dollar (S$$) spot exchange rate is 1.60, the Canadian Dollar/U.S. dollar (CDN\$/\$) spot rate is 1.33 and the S$/CDN$ spot-rate is 1.15. Determine the triangular arbitrage profit, if you have $1,000,000 to invest. 1. $38,345.86 profit 2. $46,093.50 profit 3. $44,062.50 profit 7. No profit is possible

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