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Glenvor Bank believes the New Zealand dollar will move over the next thirty days from $0.63 to $0.67. The following annual interest rates apply: Amount

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Glenvor Bank believes the New Zealand dollar will move over the next thirty days from $0.63 to $0.67. The following annual interest rates apply: Amount to be borrowed $10,000,000.00$10,000,000.00 Glenvor Bank has the capacity to borrow either NZ\$10 million or $10 million. Assume Glenvor Bank's forecast is correc and it attempts to capitalize on its expectations without using deposited funds? The appreciating currency is the interest rate on the borrowed funds over the 30 -day period is and the its dollar(US) profit from speculation over the 30-day period is a. NZ$,0.333%,$640,039.68 b. NZS,0.333\%, $537.448.67 c. NZ\$, 0.25%,$467,372.31 d. US\$, 0.00333%,$485,920.70 e. US\$, 0.333%,$833.33

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