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 in the market

Interest Rates (Annual)

US 7.20%

New Zealand 6.8%

BOA has the capacity to borrow $5 million from Chase Bank. If the BOA expectation is correct, what will be its US$ net profit from this speculation over 90 day period?

A. around 0.21 million

B. around $0.26 million

C. around $0.53 million

D. around $0.51 million