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1. You can borrow RM60,000. You found out the interest rate in Malaysia is 12% p.a. and in US is 14% p.a.. At present, the

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1. You can borrow RM60,000. You found out the interest rate in Malaysia is 12% p.a. and in US is 14% p.a.. At present, the exchange rate of USD/MYR is 3.5652 and the three month forward is 3.5640. If the exchange rate in three months' time is 3.5500 , how much would your interest arbitrage profit or loss be? (Show all the possible workings)

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