Question: Forecasting the Future Spot Rate Based on IFE. Assume that the spot exchange rate of the Singapore dollar is $.70. The oneyear interest rate is

Forecasting the Future Spot Rate Based on IFE. Assume that the spot exchange rate of the Singapore dollar is $.70. The oneyear interest rate is 11 percent in the United States and 7 percent in Singapore. What will the spot rate be in one year according to the IFE?

	.9640
	.6747
	.7770
	$.7262

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