Diamond Bank expects that the 5 ingopore doilar will depreciate against the U.S. dollar from its spot rate of $0.43 to $0.42 in 45 dars. The following interbank lending and borrowing rates exist: Diamond Bank considers borrowing 8 millon Singapore dollars in the interbank market and investing the funds in U.S. dollars for 45 days. Eatimate the orofis (or losses) that couid be carned from this strategy. Should Diamond Bank pursue this strategy? Assume 360 days in year for your caloulations. Do not irund intermediate calculations. Round your answer to the nearest Singapore dollar. Enter your answer as a positive value. This strategy results in a 63 . Therefore, Diamond Bank