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You work for Proton Malaysia, the automobile manufacturer, which has begun to sell its cars in Brazil. You wish to hedge your company's foreign exchange

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You work for Proton Malaysia, the automobile manufacturer, which has begun to sell its cars in Brazil. You wish to hedge your company's foreign exchange risk on a 3-month forward basis, yet there are no clear forward market MYR/BRL quotes. You collect the following quotes, instead: A. Based upon these quotes, what is the implied mid-market spot price of MYR/BRL? (5 points) B. What is the implied bid/ask 3-month forward quote for MYR/BRL? (10 points) C. What is the size of the bid/ask spread in percentage terms of the 3-month forward quotes you calculated in part B. above? (4 points)

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