Sam is planning a 30-day vacation to Pulau Penang, Malaysia, in one year. The current...
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Sam is planning a 30-day vacation to Pulau Penang, Malaysia, in one year. The current fee for a luxury suite plus meals in Malaysian ringgit (RM) is RM1,045/day. The Malaysian ringgit is currently trading at RM4.1350/$. The hotel has informed her that any increase in her room charges will be limited to any increase in the cost of living in Malaysia. Malaysian inflation is expected to be 2.75% per year, while U.S. inflation is expected to be only 1.20%. 1. Calculate the expected Spot Rate one year from now based on PPP (RM/$) 2. Calculate the cost of the room in 1 year
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