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b) As a finance manager, you are responsible to source for short-term financing to be used in 3 month's time to pay your supplier. The

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b) As a finance manager, you are responsible to source for short-term financing to be used in 3 month's time to pay your supplier. The financing needed is US$250,000. Your banker informed that the interest rates in Malaysia and the United States are 9% and 8% per annum respectively. The current spot exchange rate is RM3.6338/US$ and the 3-month forward is RM3.6399/US$. Determine how could you take advantage of interest rates differential and the availability of the forward market to secure your funds

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