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Assume the following information provided by a large international bank regarding U.S. and European annualized LIBOR interest rates: Trensor Inc can borrow either $20 million

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Assume the following information provided by a large international bank regarding U.S. and European annualized LIBOR interest rates: Trensor Inc can borrow either $20 million or 20 million. The current spot rate of the euro is $1.13 (i.e., there are 1.13 USD per euro). Furthermore, Trensor Inc expects the spot rate of the euro to be $1.10 in 90 days. What is Trensor Inc's dollar profit from speculating if the spot rate of the euro is indeed $1.10 in 90 days? Assume 90 days =0.25 years. A. $579,845. B. $583,800. C. $588,200. D. $584,245. E. $980,245

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