The following exchange rates are available to you. (You can buy or sell at the...
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Finance
The following exchange rates are available to you. (You can buy or sell at the stated rates.)
SGD/USD
1.65
USD/CHY
0.16
SGD/CHY
0.30
Assume you have an initial USD 12,000. Can you make a profit via triangular arbitrage? If so, show the steps and calculate the amount of profit in USD.
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