Question: iv. Determine how many ringgit you need to buy 1.5 million yen for today. a) You were given the following quotations from your bank, for

iv. Determine how many ringgit you need to buy 1.5 million

iv. Determine how many ringgit you need to buy 1.5 million yen for today.

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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