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Given the following piece of information clearly demonstrate a profit potential assuming you have the capability to borrow 1 million USD or equivalent. You should

Given the following piece of information clearly demonstrate a profit potential assuming you have the capability to borrow 1 million USD or equivalent. You should identify the dollar or equivalent amount of profit that you can make. Finally, state the impact of your actions on the exchange rate.

Spot rate = 500 COP/USD

6-month Forward rate = 510 COP/USD

US interest rate = 5%

Colombia interest rate = 6%

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