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how to do this question please show all the step Question 3 (25 marks) DDBank expects that the Singapore dollar (SS) will depreciate against the

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Question 3 (25 marks) DDBank expects that the Singapore dollar ("SS") will depreciate against the dollar ("S") from its spot rate of $,4312 to $,4205 in 60 days. The following interbank leoding and borrowing rates exist: DDBank considers borrewing 4.50 million Singapore dellars in the interbank matket and investing the funds in dollars for 60 days. Assume that 360 days in a year. Required: Advise if DDBank purues this strategy, Show ALL. workings to justify. Your answer is expressed in the nearest SS and or 5

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