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Assume Blackstone Corporation, a U.S.-based MNC, obtains a one-year loan of 1,500,000 Malaysian ringgit (MYR) at a nominal interest rate of 7%. At the time
Assume Blackstone Corporation, a U.S.-based MNC, obtains a one-year loan of 1,500,000 Malaysian ringgit (MYR) at a nominal interest rate of 7%. At the time the loan is extended, the spot rate of the ringgit is $.25. If the spot rate of the ringgit in one year is $.28, the dollar amount initially obtained from the loan is $_______, and $_______ is needed to repay the loan.
| 375,000; 449,400 |
| 449,000; 375,000 |
| 6,000,000; 5,357,143 |
| 5,357,143; 6,000,000 |
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