B. Your treasury department at the bank's head office quoted the following rates: USD/MYR AUD/USD Spot 3.8050/70 0.7420/30 1-month 65/70 25/20 3-month 185/200 58/55 6-month 360/385 111 / 109 As a remittance officer at the bank's Butterworth branch, you are helping a customer who wants a special rate to pay an import bill worth AUD 0.5 million. Given the above rates and assuming you want to make a 1/2 sen profit from this deal, at what spot exchange rate would you quote the customer and how much of the local currency does the customer need to pay your bank? (Show your assumptions and how you arrive at your answer) B. Your treasury department at the bank's head office quoted the following rates: USD/MYR AUD/USD Spot 3.8050/70 0.7420/30 1-month 65/70 25/20 3-month 185/200 58/55 6-month 360/385 111 / 109 As a remittance officer at the bank's Butterworth branch, you are helping a customer who wants a special rate to pay an import bill worth AUD 0.5 million. Given the above rates and assuming you want to make a 1/2 sen profit from this deal, at what spot exchange rate would you quote the customer and how much of the local currency does the customer need to pay your bank? (Show your assumptions and how you arrive at your answer)