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BOA (US Bank) believes that New Zealand dollar will appreciate over the next 90 days from US$0.48/NZ$ to US$0.50/NZ$. The following information is available. BOA

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BOA (US Bank) believes that New Zealand dollar will appreciate over the next 90 days from US\$0.48/NZ\$ to US\$0.50/NZ\$. The following information is available. BOA has the capacity to borrow $5 million from Chase Bank. If BOA forecasting is correct, what will be its US $ profit from this FX speculation over the 90 days period? around $0.26 million around $5.10 million around $0.21 million around $5.30 million

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