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22. Bank of America expects the exchange rate of the Canadian dollar to appreciate against the from its present level of 0.56 to 0.59 in

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22. Bank of America expects the exchange rate of the Canadian dollar to appreciate against the from its present level of 0.56 to 0.59 in 45 days. Assume that Bank of America will borrow from local bank 30 million. The borrowing rate is 6.2 and the bank of America will lend this money in local market within the 45 days at the rate of 5.5. How much the Bank of America would return to the local bank (with the interest rate) (5 Points) a 30.323,700 b. 30.232.500 c. 30.454560 d. 30.650.650 e all answers are wrong

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