Cite any sources used It-ottice). 1. Dr. Chong, a citizen of Singapore, traveled to Singapore from the United States recently and is quarantined in a 4-star hotel at government expense. The hotel charges SGD 300 per night (with breakfast). Dr. Chong expects to be quarantined for 14 days. What is the cost to the government of the two-week hotel stay in U.S. dollars? 2. Given the following prices, calculate the price of pounds in dollars (how many dollars it takes to buy a pound): $1.08374/, 1.14212/ 3. Assume the following: Spot rate 110/$ and one-year interest rates in Japan and the U.S. are 2% and 4%, respectively. What is the expected exchange rate in a year? 4. You are trying to decide whether to invest in the U.S. or Switzerland for the next 3 months. The spot rate is $.6667/CHF, the 90-day forward is $.6756/CHF, and the annualized rates on the U.S. T-bill and Swiss government 3 month bonds are 10% and 4.5333%. Is it better to invest in the U.S. or Switzerland