Question
The Singapore dollar-U.S. dollar (S$/$) spot exchange rate = S$1.40/$; the Canadian dollar-U.S. dollar (CD/$) spot rate is CD1.3/$. The Singapore dollarCanadian dollar (S$/CD) spot
The Singapore dollar-U.S. dollar (S$/$) spot exchange rate = S$1.40/$; the Canadian dollar-U.S. dollar (CD/$) spot rate is CD1.3/$. The Singapore dollarCanadian dollar (S$/CD) spot exchange rate = S$ 1.1/CD. With $1,000,000, what is your gain or loss based on triangular arbitrage?
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Investing For Women Smart Strategies To Start Investing Now With Confidence Low Risk And Minimal Effort
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