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Assume that the spot exchange rate of the Singapore dollar 70. The one year interest rate is 11 percent in the United States and 7

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Assume that the spot exchange rate of the Singapore dollar 70. The one year interest rate is 11 percent in the United States and 7 percent in Singapore. What will the spot rate be in one year according to the IFE? What is the force that causes the spot rate to change according to the IFE

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