Gandalf has a last request for you. The FX desk gave him the following quotes: USD/SGD spot
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Question:
Gandalf has a last request for you. The FX desk gave him the following quotes: USD/SGD spot rate 1.3310, MYR/SGD 0.2910, and USD/MYR 12-month forward quote +1,745 points. (b) Determine the USD/MYR spot rate and 12-month forward rate, and briefly interpret in words, what the forward rate means for the Malaysian Ringgit.
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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