Q2. Chicago Co. (USA) expects the exchange rate of the New Zealand dollar (NZ$) to depreciate from its present level of $0.51 to $0.50 in 30 days. Chicago Co. can borrow US$20 million on a short-term basis from their bank. Short-term annualized interest rates are as given in the table. CURRENCY PLACEMENT RATE BORROWING RATE U.S. dollars (US$) 3.0% 8.0% New Zealand dollars (NZ$) 7.5% Give the above information, if the company proceeded with institutional speculation how much money will they make? 10.5% 2 Marks