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RATU Berhad has a payable of $500,000 due in three months. Given 3-month forward rate...

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Finance

RATU Berhad has a payable of $500,000 due in three months. Given 3-month forward rate is RM3.5550/$ - RM3.5780/$

Devise and determine Ratu Berhad's hedged value in RM.

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