How much yen will the investor get

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Reference no: EM132796964

Here are some quotes for spot exchange rates and three-month interest rates:

Spot exchange rates:

MYR/SGD 3.1865 - 3.1875
Yen/MYR 25.10 - 25.20
Interest rates: Three-month MYR 5 - 51/4
Three-month SGD 31/4 - 31/2
Three-month Yen 11/4 - 11/2

problem a. Suppose that a Singaporean investor that wants to convert SGD1,000,000 into Yen. Using the quotes above, how much Yen will the investor get?

Reference no: EM132796964

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