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a) Assume that Intel has net receivables of SGD 1,500,000 in 90 days. The spot rate of the Singapore Dollar (SGD) is USD0.7300, and the

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a) Assume that Intel has net receivables of SGD 1,500,000 in 90 days. The spot rate of the Singapore Dollar (SGD) is USD0.7300, and the Singapore interest rate is 12.00% per annum and US interest rate is at 10.00% per annum. Suggest how the U.S. firm could implement a money market hedge. (Show your strategy and workings)

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