You expect that the Mexican peso will depreciate against the Australian dollar from its spot rate of A$0.2620 to A$0.2108 in one year. The following interbank lending and borrowing rates exist: Lending Rate Borrowing Rate Australian dollar 7.75% 8.70% Mexican peso 8.50% 9.32% You have a borrowing capacity of either 2 million Australian dollars or 4 million Mexican pesos in the interbank market. Without using your own deposited fund, estimate the profits in percentage. (enter 2 decimal places number with on sign or symbol) Answer: 207433.76 X The correct answer is: 24.60