Today the nominal annual interest rate in Singapore is 20 percent. The nominal annual interest rate in the United States is 10 percent. You expect that annual inflation will be about 11 percent in Singapore and 1 percent in the United States. Today the spot rate of the Singapore dollar is $.63. You believe that the Singapore dollar's exchange rate movements are mostly attributed to purchasing power parity, and that the next year's spot rate will therefore be $____ Assume that interest rate parity holds; the one-year forward rate would therefore be $____ 0.56; 0.59 O 0.59; 0.56 O 0.57: 0.58 0.58; 0.57