Use the following information for next 5 questions. Assume the following information: 1-yeardepositrateofferedonU.S.dollars1-yeardepositrateofferedonSingaporedollars1-yearforwardrateofSingaporedollars(S$)SpotrateofSingaporedollar(S$)====13%8%$0.750$0.730 Based on the calculation and the conclusion you obtained for the previous 4 questions, does Interest Rate Parity hold under the current market condition? What is the 1-year forward rate of Singapore dollars that makes covered interest arbitrage infeasible? (Round the answer to the 3 decimal places.) No. $0.717 No. $0.825. No. $0.788. No. $0.764. It cannot be determined