1.Keywise Inc is an American-based gaming company that will receive MYR 2,106,000 in a year. The annual interest rate in

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1.Keywise Inc is an American-based gaming company that will
receive MYR 2,106,000 in a year. The annual interest rate in
Malaysia is 8% and the interest rate in the U.S. is 5%. The spot
rate is USD 0.6395/MYR and the forecasted rate for a Malaysian
Ringgit is 0.598 US dollars. If the company wants to lock in the
exchange rate using the money market hedge, how much should it
invest in the United States?
a.1,309,376
b.1,247,025
c.1,282,654
d.1,166,100
2. Keywise Inc is an American-based gaming company that
will pay MYR 2,767,000 in a year. The annual interest rate in
Malaysia is 12% and the interest rate in the U.S. is 10%. The spot
rate is USD 2.9475/MYR and the forecasted rate for a Malaysian
Ringgit is 2.5879 US dollars. If the company wants to lock in the
exchange rate using the money market hedge, how much should it
borrow in the United States?
a.6,393,499
b.7,281,904
c.7,414,302
d.8,010,094