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1 You can borrow 10 Million dollars at 6 % annual interest, and invest it in Canadian Dollars earning 9 % annually. You plan to

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1 You can borrow 10 Million dollars at 6 % annual interest, and invest it in Canadian Dollars earning 9 % annually. You plan to invest only for 12 days. In those 12 days, you see the current exchange rate at $ 0 .92/ C$ going to $ 0.91/C$. What is your gain or loss in US dollars. ? Be sure to tell me if it is a gain or a loss

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