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Singapore Airlines just signed a contract to buy 10 Boeing 787 to be delivered in 1...

Singapore Airlines just signed a contract to buy 10 Boeing 787 to be delivered in 1 year. The contract value is SGD 3.5 billion. The interest rates are the US is 5% and 4% in Singapore. The spot rate is 1.353 SGD per dollar.

Suppose that there are one-year USD/SGD call options with a strike price of $0.747 for a $0.015 premium, and put options with a strike price of $0.747 for a $0.018 premium. What option should Boeing buy? What's Boeing's gains/losses if the spot rate turns out to be $0.7285 or $0.7735 in one year?

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