4. MSU Bank believes the New Zealand dollar will appreciate over the next 6 months from NZD1.425/USD (current) to NZD1.360 (in 6 months). The following 6-month interest rates apply: (the rates are periodic rates so you do not need to adjust them at all - we do not need to multiply by 180/360 or anything like that) Currency Dollars New Zealand dollar (NZ$) Lending (deposit) Rate 2.25% 3.05% Borrowing Rate 2.50% 3.20% MSU Bank has the capacity to borrow either NZ$15 million or $10 million. If MSU Bank's forecast if correct, what will its U.S. dollar profit be from speculation over the 6-month period?

4. MSU Bank believes the New Zealand dollar will appreciate over the next 6 months from NZD1.425/USD (current) to NZD1.360 (in 6 months). The following 6 -month interest rates apply: (the rates are periodic rates so you do not need to adjust them at all - we do not need to multiply by 180/360 or anything like that) MSU Bank has the capacity to borrow either NZ\$15 million or \$10 million. If MSU Bank's forecast if correct, what will its U.S. dollar profit be from speculation over the 6 -month period