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What is the profit or loss

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Question - Suppose that the Malaysian Ringgit - Euro spot rate is MYR4.61/€ and the 1-year forward rate is MYR4.98/€. The MYR interest rate is 6% p.a. and the € interest rate is 2% p.a. What is the profit/loss if an investor can borrow the equivalent of €1 million to invest in MYR for one year?

Reference no: EM133130108

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