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Calculate the answer. Show your full solution to earn any point for this question. Goldman Sachs believes the Canadian dollar will appreciate over the next
Calculate the answer. Show your full solution to earn any point for this question. Goldman Sachs believes the Canadian dollar will appreciate over the next ten days from US $0.50 to US $0.55. The following annual interest rates apply: Goldman Sachs has the capacity to borrow either CA $20 million or US $10 million. If Goldman Sachs' forecast is correct, what will its U.S. dollar profit be from speculation over the ten-day period
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