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Assume the following information: 1-year interest rate on U.S. dollars = 5.4% 1-year interest rate on Singapore dollars = 10.7% Spot rate of Singapore dollar

Assume the following information: 1-year interest rate on U.S. dollars = 5.4% 1-year interest rate on Singapore dollars = 10.7% Spot rate of Singapore dollar = 0.45 USD/SGD If interest rate parity is in effect, what should be the 1 year forward rate on the SGD?

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