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Zygon Bank believes the New Zealand dollar will move over the next 60 days from $0.63 to $0.67. The following annual interest rates apply: Amount

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Zygon Bank believes the New Zealand dollar will move over the next 60 days from $0.63 to $0.67. The following annual interest rates apply: Amount to be borrowed $5,000,000.00$5,000,000.00 Assume Zygon Bank's forecast is correct and it attempts to capitalize on its expectations without using deposited funds? The depreciating currency is , the interest rate on the borrowed funds over the 60-day period is and the its dollar(US) profit from speculation over the 60-day period is

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