Assume the bid rate of the singapore dollar sgd is 03300, Financial Management

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Assume the bid rate of the singapore dollar sgd is 03300

Assume the bid rate of the Singapore dollar (SGD) is $0.3300, while the ask rate is $0.3350 at Bank A. Assume the bid rate for the SGD at Bank B is 0.3200, while the ask rate $0.3250. Given this information, what would be your gain if you use $1,000,000 to execute locational arbitrage?

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Financial Management: Assume the bid rate of the singapore dollar sgd is 03300

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Financial Management: Assume the bid rate of the singapore dollar sgd is 03300

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