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You decide to try the carry trade. The one-year interest rate in the eurozone is 9 % and 11 % in the US. The spot

You decide to try the carry trade. The one-year interest rate in the eurozone is 9 % and 11 % in the US. The spot rate is 165/S. You borrow 3 million for one year. If the spot rate in one year is 1.6054/$, what are your profits/losses

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