MSU Bank believes the New Zealand dollar will depreciate over the next 6 months from NZ$2.15/USD (current) to NZ$2.21/USD (in 6 months). The following 6-month interest rates apply: (the rates are periodic rates so you do not need to adjust them at all we do not need to multiply by 180/360 or anything like that)

Currency Lending (deposit) Rate Borrowing Rate

Dollars 1.50% 1.75%

New Zealand dollar (NZ$) 2.15% 2.35%

MSU Bank has the capacity to borrow either NZ$22 million or $15 million. If MSU Banks forecast if correct, what will its U.S. dollar profit be from speculation over the 6-month period?