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b. If Stefan believes the euro will depreciate in value against the U.S. dollar, so that he expects the spot rate to be $1.2800 6

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b. If Stefan believes the euro will depreciate in value against the U.S. dollar, so that he expects the spot rate to be $1.2800 6 at the end of 30 days, what should he do? bj Assumptions Values Values Initial investment (funds available) $10,000,000 $10,000,000 Current spot rate (US$ 9) $1 3556 $1 3556 30-day forward rate (USSO) $1 3550 $1.3550 Expected spot rate in 30 days (USS() $1.3600 $1 2800

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