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Short answer/ paragraph Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Lending 4.10% APR 1.00

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Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Lending 4.10% APR 1.00 $1.43 1.00 so ($/) F360 ($/) Borrowing i$ 4.20% APR i 3.65% APR $1.40 $1.44 = 1.00 $1.49 = 1.00 3.50% APR If you had 1,000,000, traded them for USD at the spot rate, and invested the dollars in the U.S., how many USD will you get in one year

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