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Question 1 (10 marks) Assume the following spot rates: SGD1.43-48-USDI and SGD1.2635-65-AUD1 Calculate exactly the spot cross rate of AUD per USD1 (Show all working)

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Question 1 (10 marks) Assume the following spot rates: SGD1.43-48-USDI and SGD1.2635-65-AUD1 Calculate exactly the spot cross rate of AUD per USD1 (Show all working)

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