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Assume that ABC has net receivables of 1,000,000 Singapore dollars in 90 days. The spot rate is $.60 of the is and the Singapore interest
Assume that ABC has net receivables of 1,000,000 Singapore dollars in 90 days. The spot rate is $.60 of the is and the Singapore interest rate is 2% over 90 days. How much Singapore dollars should be invested or borrowed?
a. 1,200,000
b. 1,020,000
c. 1,000,000
d. 980,392
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