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Question 4 Ruggerman bank expects that the Mexican peso will depreciate against US dollar from it is spot rate of $0.44 to $0.43 in 30

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Question 4 Ruggerman bank expects that the Mexican peso will depreciate against US dollar from it is spot rate of $0.44 to $0.43 in 30 days. The following interbank lending and borrowing rates: Currency U.S Dollar Mexican peso Lending Rate 8.40% 24.0% Borrowing Rate 9.6 % 22.0% Assume that Ruggerman has a borrowing capacity of MXP15 million in the interbank market. Show the steps and calculate the profit could be generated from this strategy

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