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Using the following quotations: USD / KRW 1187.04 / 1187.39 USD / SGD 1.3687 / 1.3691 SGD / KRW 866.840 / 867.570 (US Dollar, Korean

Using the following quotations: USD / KRW 1187.04 / 1187.39 USD / SGD 1.3687 / 1.3691 SGD / KRW 866.840 / 867.570 (US Dollar, Korean Won, Singapore Dollar) With 1000 USD, look for triangular arbitrage opportunities. What are the results of your attempts? NOTE: You must check two different alternatives answer as part (a) and then part (b). Answer is to be in USD (how much currency do you have after the series of transactions). You must be accurate to 2 decimal places (any rounding along the way may be penalised).

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