Question
The Malaysian ringgit has diminished in value relative to the US dollar. The Malaysian ringgit relative to the U.S. dollar is currently RM11/USD. Your estimate
The Malaysian ringgit has diminished in value relative to the US dollar. The Malaysian ringgit relative to the U.S. dollar is currently RM11/USD. Your estimate is that the ringgit will lose 20% of its value relative to the dollar over the next year. What is your forecast of the dollar price of Malaysian ringgit in 1 year?
| 12.22 | ||
| 11.11 | ||
| 13.75 | ||
| 14.92 |
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Global Corporate Finance A Focused Approach
Authors: Suk Hi Kim, Kenneth A Kim
2nd Edition
9814618004, 9789814618007
