The spot exchange rate between the Singapore dollar and US dollar is S$1.55/$, the spot exchange rate between the Australian dollar and US dollar is A$1.29/$, and the spot exchange rate between the Singapore dollar and Australian dollar is S$1.17/A$. Determine the triangular arbitrage profit that is possible if you have $1,000,000. (a) There is no profitable arbitrage opportunity (b) $26,966 (c) $13,226 (d) $3,935 An alternative to the setup of a production facility overseas is to license a local firm to manufacture the company's products. One disadvantage of this method is (a) the time to market entry (b) the amount of the investment required (c) the establishment of a competitor with loss of future revenues to the licensing firm (d) the degree of financial risks A slowdown in New Zealand economic growth will (a) boost the value of the NZ dollar because inflation fears will be calmed (b) boost the value of the NZ dollar because the Reserve Bank of New Zealand will expand the money supply (c) lower the value of the dollar because interest rates will rise (d) lower the value of the dollar because New Zealand will be a less attractive place to invest in