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Bank of Oklahoma believes the Canadian dollar will depreciate over the next 3 days from $1.40 to $1.03. The following annual interest rates apply: Currency

Bank of Oklahoma believes the Canadian dollar will depreciate over the next 3 days from $1.40 to $1.03. The following annual interest rates apply:

Currency Lending RateBorrowing Rate

Canadian Dollars (C$).0520.0580

Dollars0.061.0595

Bank of Oklahoma has the capacity to borrow either Canadian $102,800,000or US $75,000,000. If Bank of Oklahoma's forecast is correct, what will its dollar profit be from speculation over the 3 day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)?

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