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Suppose that the current spot exchange rate between the Singapore dollar (SGD) and the Australian dollar (AUD) is 0.9701 AUD/SGD. And, the 1-year interest rate

Suppose that the current spot exchange rate between the Singapore dollar (SGD) and the Australian dollar (AUD) is 0.9701 AUD/SGD. And, the 1-year interest rate in Singapore and Australia are 0.96% and...

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