1. Assume that a bank has assets located in London worth 150 million on which it earns arn average of 8 percent per year. The bank has 100 million in liabilities on which it pays an average of 6 percent per year. The current spot exchange rate is 1.50/$. If the exchange rate at the end of the year is 2.00/S, will the dollar have appreciated or devalued against the mark? 2. With a given information from financial statements, Calculate DU pont analysis and give explanation: PM= 5 % TAT- 9 EM 3 3. Jane wants to begin saving for her daughter's college education and she estimates that she will need $150,000 in 17 years. If she feels confident that she can earn 8% per year, how much does she need to invest today