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Suppose that a Malaysian firm enters into a two-year swap agreement with a Singaporean firm to exchange SG$10,000 with MYR22,000. Assume that the Malaysian firm

Suppose that a Malaysian firm enters into a two-year swap agreement with a Singaporean firm to exchange SG$10,000 with MYR22,000. Assume that the Malaysian firm borrows ringgit at 8% & the Singaporean firm borrows the dollar at 10%. Compute the payment made by both parties.

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