Trensor Bank believes the Australian dollar (AU\$) will appreciate over the next 9 days from $.70 to $.73. The following annual interest rates apply: Trensor Bank has the capacity to borrow either A$10 million or $7 million. If Trensor Bank's forecast is correct, how shall Trensor Bank implement its speculating trading activities and what will its dollar profit be from speculation over the nine-day period (assuming it does notiluse any of its existing consumer deposits to capitalize on its expectations)? (30/360 convention used for the interest calculation, i.e., assuming 360 days a year) Trensor Bank shall borrow $7 million at the annual rate of 7.20% for 9 days, the annual rate of 6.80% for 9 days. Doing so, Trensor Bank will realize the profit of $308,837.00.00. convert A$10 million to $ at the rate of $0.70 /AU $, invest the $ converted at the annual rate of 6.73% for 9 days. Doing so, Trensor Bank will realize the profit of $299,542.25. Trensor Bank shall borrow $7 million at the annual rate of 7.20% for 9 days, convert $7 million to A$ at the rate of $0.70/A$, invest the A$ converted at the annual rate of 6.80% for 9 days. Doing so, Trensor Bank will realize the profit of $299,810.00 Trensor Bank has the capacity to borrow either AU $10 million or $7 million. If Trensor Bank's forecast is correct, how shall Trensor Bank implement its speculating trading activities and what will its dollar profit be from speculation over the nine-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, i.e., assuming 360 days a year) Trensor Bank shall borrow $7 million at the annual rate of 7.20% for 9 days, convert $7 million to A$ at the rate of $0.70/AU$, invest the AU$ converted at the annual rate of 6.80% for 9 days. Doing so, Trensor Bank will realize the profit of $308,837.00.00. Trensor Bank shall borrow AU $10 million at the annual rate of 7.28% for 9 days, convert AU $10 million to $ at the rate of $0.70/A$, invest the $ converted at the annual rate of 6.73% for 9 days. Doing so, Trensor Bank will realize the profit of $299,542.25. Trensor Bank shall borrow $7 million at the annual rate of 7.20% for 9 days, convert \$7 million to AU$ at the rate of $0.70/AU$, invest the AU$ converted at the annual rate of 6.80% for 9 days. Doing so, Trensor Bank will realize the profit of $299,810.00. Trensor Bank shall borrow AU $10 million at the annual rate of 7.28% for 9 days, convert A$10 million to $ at the rate of $0.70/A$, invest the $ converted at the annual rate of 6.73% for 9 days. Doing so, Trensor Bank will realize the profit