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PLEASE SHOW WORK Youre a Forex trader at a major international bank, specializes in USD/SGD trades. The current exchange rate is $0.6585. The 6-month futures

PLEASE SHOW WORK

Youre a Forex trader at a major international bank, specializes in USD/SGD trades. The current exchange rate is $0.6585. The 6-month futures contract is at $0.6715. The annual interest rate in the US is 6% and 3% in Singapore. You decided to carry out an arbitrage trade worth $100,000,000. Show how will the trade work and how much money you can make with this trade?

PLEASE SHOW WORK

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