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QUESTION 6 Using covered interest arbitrage, what would be the value of an investment of 1m given the following information? 1-year interest rate in the
QUESTION 6 Using covered interest arbitrage, what would be the value of an investment of 1m given the following information? 1-year interest rate in the UK: 0.06% 1-year interest rate in Malaysia: 2.15% Spot rate: 5.48 ringgit per 1-year forward rate: 5,52 ringgit per
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