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smart banking corp. can borrow $ 5 million at 6 percent annualized. it can use the proceeds to invest in Canadian dollars at 9 percent
smart banking corp. can borrow $ million at percent annualized. it can use the proceeds to invest in Canadian dollars at percent annualized over a sixday period. the canadian dollar is worth $ and is expected to be worth $ is six days. based on this information, shiuld smart banking corp borrow US dollars and invest in canadian dollars? whar would be the gain or loss in US dollars?
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