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Calculation steps must be shown in the answer!!!! Suppose that you have MYR1,000,000 to invest for three months either in Malaysia at the interest rate

Calculation steps must be shown in the answer!!!!

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Suppose that you have MYR1,000,000 to invest for three months either in Malaysia at the interest rate of 12% per annum or United States at 8% per annum. The current spot rate is MYR 4.4215/USD and 3 month forward rate is MYR4.4320/USD. Where should you invest

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