Amegy Bank can borrow either $20 million or 20 million. The current spot rate of the euro is $1.14. Furthermore, Amegy Bank expects the spot rate of the euro to be $1.10 in 90 days. What is Amegy Bank's dollar profit from speculating if the spot rate of the euro is indeed $1.10 in 90 days? Assume 360 days in a year for simplicity and set your decimal to at least 8 places.

	Lending Rate	Borrow Rate
U.S.	6.73%	7.20%
Euro	6.80%	7.28%

A. $579,845.

B. $583,800.

C. $588,200.

D. $783,210

E. $980,245.

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