on number 6 its 28 thousand not 28 million

[6 pts] 5. You have $25 million USS debt and will refinance that debt into Rubles to take advantage of expected weakening of the Ruble. Therefore, you borrow enough Russian debt (Russian bank pays off USS loan equal to $25 mill., replaces with new Ruble loan amount equal at Spot rate) when the Spot rate was 65 Rubles / S. A year later the exchange rate had changed to 68 Rubles/S, so you refinance back into USS debt, paying off the Ruble debt. (Ignore interest, fees) Hint: see Mark Cuban example)