The Singapore dollar-US dollar (S$/$) spot exchange rate is S$1.60/$, the Canadian dollar-US dollar (CD/$)spot rate is CD1.33/$ and the S$/CD1.

The Singapore dollar-US dollar (S$/$) spot exchange rate is S$1.60/$, the Canadian dollar-US dollar (CD/$)spot rate is CD1.33/$ and the S$/CD1.15. Determine the triangular arbitrage profit that is possible if you have $1,000,000