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show work/exlpain Assume the following information regarding U.S. and European annualized interest rates: Trensor Bank can borrow either $30 million or 30 million. The current
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Assume the following information regarding U.S. and European annualized interest rates: Trensor Bank can borrow either $30 million or 30 million. The current spot rate of the euro is $1.13. Furthermore, Trensor Bank expects the spot rate of the euro to be $1.10 in 90 days. What is Trensor Bank's dollar profit from speculating if the spot rate of the euro is indeed $1.10 in 90 days? Profit Profit Profit 871646.1973 767048 1162194 None of the aboveStep by Step Solution
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