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use the information below to calculate the gain or loss on the carry trade strategy for an initial borrowed amount of $1,000,000 (you will have
use the information below to calculate the gain or loss on the carry trade strategy for an initial borrowed amount of $1,000,000 (you will have to determine the currency of borrowing). keep at least two decimal places in your calculations but round up or down at the end (enter the final answer without the decimal) Current spot rate of Polish zloty 4.47 (PLN/EUR) Expected future spot rate of of zloty (PLN/EUR) in three months 4.28 Annualized three-month interest 3.75 rate on Polish zloty (%) Annualized three-month interest 1.68 rate on euros (%)
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