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question 1 Suppose that spot rate of Euro () is selling at RM5.7000, while the 60-day forward rate is RM5.9000. At the same time, Singapore

question 1

Suppose that spot rate of Euro () is selling at RM5.7000, while the 60-day forward rate is RM5.9000. At the same time, Singapore dollar (SGD) spot and 60-day forward rates are RM2.9500 and RM2.9800, respectively. Compute the annualized premium or discount for in SGD.

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