Assume that a bank has assets located in Germany worth 270 million earning an average of 9 percent. It also holds 260 in ilabilities and pays an average of 6 percent per year. The current spot rate is 1.50 for $1. If the exchange rate at the end of the year is 2.00 for $1: a. What happened to the dolar? Did It appreciate or depreciate against the euro ()? b. What is the effect of the exchange rate change on the net interest margin (interest received minus interest pold) in dollars from its foreign assets and labilities? c. What is the effect of the exchange rate change on the value of the assets and liabilities in dollars? Complete this question by entering your answers in the tabs below. Required A Required Required what happened to the dollar? Did I appreciate or depreciate against the euro (C? Dollar effect Required B