The following information applies to the next four questions Citi Bank believes the Singapore will appreciate over the next six days from $.71 to $.77. The following annual interest rates apply: Currency U.S. Dollar ($) Lending Rate 5.00% Singapore dollar (S$) 4.85% Borrowing Rate 6.00% 5.50% Citi Bank has the capacity to borrow either S$20 million or $10 million. Assume 360 days in a year for simplicity and set your decimal to at least 6 places. If Citibank borrow $10million, what is the amount in S$? S$10,000,000 S$14,084,507.04 S$12,987,012.99 S$7,100,000.00 If Citibank invest the total amount in S$ at the lending rate for the next 6 days, what is the total amount received at the end of the six days (in S$)? S$14,084,507.04 S$14,097,417.84 S$14,198,356.81 S$14,098,591.55 What is the total repayment amount that Citibank must pay for the $10 million loan after 6 days in $? $10,010,000.00 $10,008,333.33 $10,008,083.33 $10,009,166.67 If Citi Bank's forecast is correct, what will its dollar profit be from speculation over the six-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)? Hint: Convert the total amount received in S$ (from Question 31) back to $ after six days and then subtract the total borrowed amount with interest (from Question 32). $10,932,734.74 $4,084,507.04 $4,198,356.81 $922,734.74 $419,835.56