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Suppose the spot exchange rate for USD/SGD is 1.42, and the USD 6m LIBOR rate is 1.5%. If the 6m forward exchange rate for USD/SGD

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Suppose the spot exchange rate for USD/SGD is 1.42, and the USD 6m LIBOR rate is 1.5%. If the 6m forward exchange rate for USD/SGD is 1.39, calculate the implied 6m interest rate (SOR) in SGD using these instruments

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