Question: QUESTION 5 What is the potential profit using triangular arbitrage and an investment of 1m given the following data? Spot rates Sterling/USD: 1: US$: 1.33

QUESTION 5 What is the potential profit using triangular arbitrage and an investment of 1m given the following data? Spot rates Sterling/USD: 1: US$: 1.33 Sterling/5$: 0.56 per Singapore $ USD/Singapore $ US$0.73 per Singapore $
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