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1, The spot exchange for a US dollar is SGD3.419 and the 60-day forward rate is SGD 3.8882/USD. Lisa, a professional trader, predicts the 60-day

1, The spot exchange for a US dollar is SGD3.419 and the 60-day forward rate is SGD 3.8882/USD. Lisa, a professional trader, predicts the 60-day future spot rate to be at SGD 4.1257/USD. If she takes a position in the forward contract, how much speculative profit in SGD can she make if she starts with 447,000 Singapore dollars, provided that her prediction is correct?

a. 25,732.00

b. 53,940.74

c. 92,393.95

d. 27,303.77

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