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iii. Compute how many SGD can you sell for delivery in 3-month with RM60,000. a) You were given the following quotations from your bank, for

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iii. Compute how many SGD can you sell for delivery in 3-month with RM60,000.

a) You were given the following quotations from your bank, for both spot and forward contracts: Foreign Currency Spot 3-months 1 unit of US Dollar (USD) RM3.4110/42 52/48 1 unit of Singapore Dollar (SGD) RM2.9420/55 22/50 100 units of Japanese Yen () RM3.6120/62 40/60

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