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Assume the following information: Given the above information, identify if covered interest arbitrage exists. Assume a Malaysian company can either borrow or invest Malaysian ringgit

Assume the following information:

Given the above information, identify if covered interest arbitrage exists. Assume a Malaysian company

can either borrow or invest Malaysian ringgit

1

million. Show the calculation and determine the profit

(

MYR

)

that the company may earn.

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