You are the vice-president of finance for Exploratory Resources, headquartered In Calgary. In January 2012, your firm's American subsidlary obtained a slx-month loan of $1.6 million (U.S.) from a bank in Calgary to finance the acquisition of an oll-producing property In Oklahoma. The loan will also be repald In U.S. dollars. At the time of the loan, the spot exchange rate was US $1.0131/CS and the U.S. currency was selling at a premlum in the forward market. The June 2012 futures contract (face value =$160,000 per contract) was quoted at US $1.0113. a. This part of the question is not part of your Connect assignment. b. How much is the bank expected to lose/gain due to foreign exchange risk? (Round the intermedlate calculation to 4 decimal places.) Bank expected to c. This part of the $ Canadlan art of your Connect assignment