A Spanish commercial bank is engaged in the following foreign lending/borrowing and trading activities in U.S dollar: a) The bank owns $5,000,000 value of corporate bonds in U.S company b) The bank has lent an U.S. company an amount of $16,000,000 c) The bank has borrowed $8,000,000 from a American bank d) The bank has sold $300,000 to a Spanish customer to facilitate acquisition of raw materials from U.S supplier. e) The bank has purchased $4,000,000 from Spanish investor who received dividends on stockholding in corporation in U.S.A. Required: a. Find the net foreign exchange exposure of the bank. b. Does the bank have long or short position in U.S Dollar?

URGENT PLEASE