Question 5 (3.7 points) Chase Bank of believes the Australian dollar (A$) will depreciate over the next 90 days from $1.13 to $1.10. The following annual interest rates apply Currency Dollars Australian dollar (AS) Lending Rate 6.73% 6.80% Borrowing Rate 7209 7.28% Chase Bank has the capacity to borrow either A$20 million or $20 million. If Chase Bank's forecast is correct, how shall Chase Bank Implement its speculating trading activities and what will its dollar profit be from speculation over the 90-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)? (30/360 convention used for the interest calculation Le assuming 360 days a yean Chase Bank shall borrow $20 million Doing so, Chase Bank will have the speculative profit of $583,800. Chase Bank shall borrow S$20 million. Doing so, Chase Bank will have the speculative profit of $579,845 Chase Bank shall borrow S$20 million Doing so, Chase Bank will have the speculative profit of $584 245 Chase Bank shall borrow $20 million Doing so, Chase Bank will have the speculative profit of $588,200