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5. Here are some quotes for spot exchange rates and three-month interest rates: Spot exchange rates: MYR/SGD 3.1865 3.1875 Yen/MYR 25.10 25.20 Interest rates: Three-month

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5. Here are some quotes for spot exchange rates and three-month interest rates: Spot exchange rates: MYR/SGD 3.1865 3.1875 Yen/MYR 25.10 25.20 Interest rates: Three-month MYR 5 54/4 Three-month SGD 31/4- 31/2 Three-month Yen 14/4 - 11/2 a. Suppose that a Singaporean investor that wants to convert SGD1,000,000 into Yen. Using the quotes above, how much Yen will the investor get? (2 marks) b. Suppose that a Japanese investor that wants to convert Yen1,000,000 into SGD. Using the quotes above, how much SGD will the investor get? (2 marks) C. What are the supposed quotes for SGD/MYR three-month forward exchange rates? (4 marks) d. What are the supposed quotes for Yen/SGD three-month forward exchange rates? (4 marks)

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