Assume 1 Thai Baht is equal to $0.031 and 1 Singapore dollar is equal to $0.73. What is the value of the Singapore dollar in Thai Baht? 1 Singapore dollar is equal to 0.0425 Thai Baht. 1 Singapore dollar is equal to 23.5484 Thai Baht. 1 Singapore dollar is equal to 44.1891 Thai Baht. 1 Singapore dollar is equal to 0.0226 Thai Baht. Question 3 (3.33 points) Sheraton Co. purchases a futures contract specifying NZ $250,000 with the October settlement date. This futures contract is priced at $0.94/ NZ\$. On September 1 st, Sheraton realizes that it has no need for NZ$ in October. It thus sells a futures contract specifying NZ\$250,000 with the October settlement date. This futures contract is priced at $0.96/NZ$. What is the result of these transactions to Sheraton Co.? Sheraton Co. incurs a loss of NZ$5,000. Sheraton Co. incurs a loss of $5,000. Sheraton Co. incurs a profit of $5,000. Sheraton Co. incurs a profit of NZ$5,000