Assume that you are a retail customer. Use the information in the table below to answer the next 4 questions.

Bid Ask Bid Ask

S0($/) $1.40 = 1.00 $1.43 = 1.00 i$ 4.10% APR 4.20% APR

F360($/) $1.44 = 1.00 $1.49 = 1.00 i 3.50% APR 3.65% APR

41) If you borrowed $1,000,000 for one year, how much money would you owe at maturity?

) If you had 1,000,000 and traded it for USD at the spot rate, how many USD would you get?

) If you had 1,000,000 and took a position in USD in the forward market, how many USD would you get one year from now?

) If you had 1,000,000 and lent for one year in the US market, how many USD would you get one year from now?