Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indica Bank USA recently purchased $11.3 million worth of euro denominated one-year CDs that pay 11 percent interest annually. The current spot rate of U.S. dollars for euros is $1.104/1. a. Is Bank USA exposed to an appreciation or depreciation of the dollar relative to the euro? b. What will be the return on the one-year CD if the dollar appreciates relative to the euro such that the spot rate of U.S. dollars for euros at the end of the year is $1.004/1? (Round your answer to 3 decimal places. (e.g., 32.161)) c. What will be the return on the one-year CD if the dollar depreciates relative to the euro such that the spot rate of U.S. dollars for euros at the end of the year is $1.204/12 (Round your answer to 3 decimal places. (e.g. 32.161)) Answer is not complete. + b Exposure Return if dollar appreciates Return of dollar depreciates 10.000 X % 11.998 X % C Prey 1 of 12 ! Next >