The following bid-ask rates are offered by three banks: Bid - Ask Bank O SGD/AUD 1.01 1.06
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Question:
The following bid-ask rates are offered by three banks:
Bid - Ask
Bank O SGD/AUD 1.01 1.06
Bank P AUD/MYR 3.30 3.40
Bank Q SGD/MYR 3.05 3.25
Calculate the triangular arbitrage by starting with MYR1000.
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