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The Singapore dollar-U.S. dollar (S$/$) spot exchange rate is S$1.62/$, the Canadian dollar-U.S. dollar (CAD/$) spot rate is CAD1.34/$ and S$1.16/CAD. Determine the triangular arbitrage

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The Singapore dollar-U.S. dollar (S\$/\$) spot exchange rate is S$1.62/$, the Canadian dollar-U.S. dollar (CAD/\$) spot rate is CAD1.34/\$ and S$1.16/CAD. Determine the triangular arbitrage profit that is possible if you have $10,000. A) \$422.03 profit B) $460.93 loss C) No profit is possible D) $460.93 profit A) C) D) B)

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