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Please use the following information to answer questions about the process of speculation on exchange rates: The Hong Kong dollar is expected to appreciate from

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Please use the following information to answer questions about the process of speculation on exchange rates: The Hong Kong dollar is expected to appreciate from $.11 to $.13 in 30 days, you have a borrowing capacity of either $10 million or HK$7 4.0%, for HK dollar 4.5%; and the borrowing rate for U.S. dollar is 4.3%, for HK dollar 4.7%. After 30 days, how much is the expected cash outflow? HK$70.274 million $10.833 million HK$70.263 million $10.03583 million none of them

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