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Fifth Third Bank believes the Polish zloty ( PLN ) will appreciate over the next 1 5 days from $ 0 . 2 6 to

Fifth Third Bank believes the Polish zloty (PLN) will appreciate over the next 15 days from $0.26 to $0.27. The following annual interest rates apply:
Currency Lending Rate Borrowing Rate
Dollars ($)5.10%5.15%
Polish zloty (PLN)5.35%5.40%
Fifth Third Bank has the capacity to borrow either 8 million Polish zloty or $8 million. If Fifth Third Bank's forecast is correct, how shall Fifth Third Bank implement its speculating trading activities and what will its dollar profit be from speculation over the 15-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)?(30/360 convention used for the interest calculation, i.e., assuming 360 days a year)
Question 12 options:
Fifth Third Bank shall borrow 8 million Polish zloty. Doing so, Fifth Third Bank will realize the profit of $297,123.46.
Fifth Third Bank shall borrow 8 million Polish zloty. Doing so, Fifth Third Bank will realize the profit of $307,685.90.
Fifth Third Bank shall borrow $8 million. Doing so, Fifth Third Bank will realize the profit of $309,044.87.
Fifth Third Bank shall borrow $8 million. Doing so, Fifth Third Bank will realize the profit of $295,962.96.

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