HSBC Bank believes the New Zealand dollar (NZ$) will appreciate over the next 45 days from $0.72 to $0.76. The following annual interest rates apply: Currency Lending Rate Borrowing Rate Dollars 2.75% 3.25% New Zealand dollar (NZ$) 2.85% 3.30% HSBC Bank has the capacity to borrow either NZ$8 million or $8 million. If HSBC Bank's forecast is correct, how shall HSBC Bank implement its speculating trading activities and what will its dollar profit be from speculation over the 45-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) HSBC Bank shall borrow NZ$8 million. Doing so, HSBC Bank will realize the profit of $412,666.67. HSBC Bank shall borrow $8 million. Doing so, HSBC Bank will realize the profit of $442,027.78. HSBC Bank shall borrow $8 million. Doing so, HSBC Bank will realize the profit of $440,472.22 HSBC Bank shall borrow NZ$8 million. Doing so, HSBC Bank will realize the profit of $450,250.00