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  3. (b) an australian interbank dealer entered into a

(b) An Australian interbank dealer entered into a long position of 10 million AUD/USD0.5120 rate....

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Accounting

(b) An Australian interbank dealer entered into a long position of 10 million AUD/USD0.5120 rate. He later sold 5 million AUD0.5160 rate and he squared off the position @ 0.5075. Determine the profit/ loss in MYR from these transactions (Assume USD/MYR3.8000 rate) (5 marks)

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