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The Singapore dollar-U.S. dollar (SGD/USD) spot exchange rate is SGD1.60/USD, the Canadian dollar-U.S. dollar (CAD/USD) spot rate is CAD1.33/USD and the SGD1.10/CAD. Determine the triangular

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The Singapore dollar-U.S. dollar (SGD/USD) spot exchange rate is SGD1.60/USD, the Canadian dollar-U.S. dollar (CAD/USD) spot rate is CAD1.33/USD and the SGD1.10/CAD. Determine the triangular arbitrage profit that is possible if you have $1,000,000. Note that you cannot have a negative answer if an arbitrage opportunity exists

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