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Assume that the spot exchange rate of the Singapore dollar is $0.69. The current threeyear-annualized interest rate is 10.8% in the United States and 5.5%

Assume that the spot exchange rate of the Singapore dollar is $0.69. The current threeyear-annualized interest rate is 10.8% in the United States and 5.5% in Singapore.

What will the spot rate be on the Singapore dollar in three years according to the IFE? (Round answer to 2 decimal places. Do not round intermediate calculations).

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