Question: can you help me solve the question (b ) Danielle is an investment analyst in a multinational company. She observed an arbitrage opportunity by monitoring

can you help me solve the question

(b ) Danielle is an investment analyst in a multinational company. She observed an arbitrage opportunity by monitoring the foreign exchange market. Based on her observation, the quoted spot rate in Singapore is MYR4.7810/50/USD and SGD0.2800/30/MYR; meanwhile, the quoted spot rate in the New York foreign exchange market is SGD1.4320/30/USD. Advise Danielle on the steps to perform the triangular arbitrage and estimate the profit she could earn when an investment of MYR500,000. (8 marks)

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