Triangular arbitrage between the exchange rates

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As a percentage of an arbitrary starting amount, about how large would transaction costs have to be to make triangular arbitrage between the exchange rates SSFr/$ = SFr1.7223/$, S$/¥ = $0.009711/¥, and S¥/SFr = ¥61.740/SFr unprofitable?

Reference no: EM132049260

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