Business, 06.05.2020 06:28 raulhill98
Assume Jelly Corporation, a U. S.-based MNC, obtains a one-year loan of 1,500,000 Malaysian ringgit (MYR) at a nominal interest rate of 7 percent. At the time the loan is extended, the spot rate of the ringgit is $.25. If the spot rate of the ringgit in one year is $.28, the dollar amount initially obtained from the loan is $, and the MNC needs $ to repay the loan.
a. 375,000; 449,400
b. 449,400; 375,000
c. 6,000,000; 5,357,143
d. 5,357,143; 6,000,00
Answers: 3
Business, 22.06.2019 15:40
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Assume Jelly Corporation, a U. S.-based MNC, obtains a one-year loan of 1,500,000 Malaysian ringgit...
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