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The one-year interest rate in Singapore is 11% and in the US is 6%. You know that the spot rate is USDSGD 1.33. What is

The one-year interest rate in Singapore is 11% and in the US is 6%. You know that the spot rate is USDSGD 1.33. What is the Forward rate of the SGD? (SGD: Singapore dollars)

Multiple Choice

1.29
1.27
1.37

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