Question: ii. Determine how many ringgit would you receive if you have USD200,000 for 3-month delivery. a) You were given the following quotations from your bank,

ii. Determine how many ringgit would you receive if you have

ii. Determine how many ringgit would you receive if you have USD200,000 for 3-month delivery.

a) You were given the following quotations from your bank, for both spot and forward contracts: Foreign Currency Spot 3-months 1 unit of US Dollar (USD) RM3.4110/42 52/48 1 unit of Singapore Dollar (SGD) RM2.9420/55 22/50 100 units of Japanese Yen () RM3.6120/62 40/60

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