How much arbitrage profit can you make before transaction costs based on the exchange rate quotations of
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Question:
How much arbitrage profit can you make before transaction costs based on the exchange rate quotations of SC$/$ = C$1.2500/$, S$/ = $1.5000/, and S/C$ = 0.5100/C$? Assume that you start with $1,000,000 to implement your arbitrage strategy.
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