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4. If the International Fisher Effect holds, and if the following information is given, what should be S(MYD/SGD)? The expected inflation in Malaysia is 4%

4. If the International Fisher Effect holds, and if the following information is given, what should be S(MYD/SGD)?

The expected inflation in Malaysia is 4%

The expected inflation in Singapore is 3%

F(SGD/MYD) is 0.3

SGD is Singapore dollar and MYD is Malaysian Ringgit

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