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U . S . investors have $ 1 , 0 0 0 , 0 0 0 to invest 1 - year deposit rate offered on

U.S. investors have $1,000,000 to invest
1-year deposit rate offered on U.S. dollars =12%
1-year deposit rate offered on Singapore dollars =10%
1-year forward rate of Singapore dollars = $.412
Spot rate of Singapore dollar = $.400
a-Does interest party exist?
b-Calculate the yield of the U.S. investors in the US and Singapore
c-Where will the US investor invest?

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