What will the spot rate be in one year according to the ife

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Forecasting the Future Spot Rate Based on IFE. Assume that the spot exchange rate of the Singapore dollar is $.70. The one-year 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? round 3 decimal places. please show steps and formulas

Reference no: EM132473881

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