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4

Finance

4. An investor has an amount of 20000$. He will invest in the exchange rate market at the quoted rates presented below: Do you find any discrepancy? Can this strategy be deemed as profitable? 15 points Value of Pound to USD Value of Ringgit to USD Value of Pound in Ringgit Quoted Bid Price 1.6 USD 0.200 USD 8.1 MYR Quoted Ask Price 1.61 USD 0.201 USD 8.2 MYR

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