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Suppose, the spot rate for one Singapore Dollar is $0.75; inflation is expected to be 3% in U.S. and 4% in Singapore next year.
Suppose, the spot rate for one Singapore Dollar is $0.75; inflation is expected to be 3% in U.S. and 4% in Singapore next year. What is the U.S. Dollar's one-year forward rate in terms of Singapore Dollars? (Round your answer to two decimal point)
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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
