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c) Assume that Ringgit's spot rate is RM0.5652 against 1 Chinese Yuan (1 CNY) and the Malaysia and China 1-year interest rates are initially 6

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c) Assume that Ringgit's spot rate is RM0.5652 against 1 Chinese Yuan (1 CNY) and the Malaysia and China 1-year interest rates are initially 6 percent. Then assume that Ringgit 1-year interest rate will strengthen by 5% against CNY. By using International Fisher Effect (IFE) condition, determine which country would Malaysian investors invest Support your answer with computation

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