The S$/$ Spot Exchange Rate Is 1

question 1

Multiple Choice

The S$/$ spot exchange rate is 1.60,the C$/$ spot rate is 1.33 and the S$/C$ 1.15.Determine the triangular arbitrage profit that is possible if you have $1,000,000.

• A) $44,063 profit
• B) $46,093 loss
• C) No profit is possible
• D) $46,093 profit

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