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Incorrect Question 6 0/4 pts Assume the following information regarding U.S. and European annualized interest rates: Currency Lending Rate Borrowing Rate U.S. Dollar ($) 6.73%

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Incorrect Question 6 0/4 pts Assume the following information regarding U.S. and European annualized interest rates: Currency Lending Rate Borrowing Rate U.S. Dollar ($) 6.73% 7.20% Euro () 6.80% 7.28% Trensor Bank can borrow either $20 million or 20 million. The current spot rate of the curo is $1.13. Furthermore, Trensor Bank expects the spot rate of the euro to be $1.10 in 90 days. What is Trensor Bank's dollar profit from speculating if the spot rate of the curo is indeed $1.10 in 90 days? $579,845. $583,800 S588,200 $584,245 S980.245

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