uppose that the current spot exchange rate between the Singapore dollar (SGD) and the Australian dollar (AUD) is 0.9701

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uppose that the current spot exchange rate between the Singapore
dollar (SGD) and the Australian dollar (AUD) is 0.9701 AUD/SGD.
And, the 1-year interest rate in Singapore and Australia are 0.96%
and 2.00%, respectively. (2A) Find the 1-year forward exchange rate
for AUD/SGD assuming that interest rate parity holds. (Show all
your workings to receive full credit. Write down your answer
accurate to 4 decimal places.) [8 marks]
(2B) Assume that the forward exchange rate you had calculated in
part (a) is an unbiased predictor of future exchange rates. Explain
how you could execute a covered interest arbitrage trade. [8
marks]
(2C) State four differences between futures contracts and
forward contracts. [8 marks]