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Find the forward rate of the Singapore dollar if the spot rate conversion from Australia to Singapore dollars is $4.50, the Australian interest rate is

Find the forward rate of the Singapore dollar if the spot rate conversion from Australia to Singapore dollars is $4.50, the Australian interest rate is 6 percent, the Singapore interest rate is 7 percent, and the forward contract is for nine months.

$4.532

$4.458

$4.468

cannot be determined

$5.104

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