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nika2105 [10]
3 years ago
12

Assume the following information regarding U.S. and Canadian annualized interest rates:Currency lending rate borrowing rateus do

llar 5.89% 6.35%candian dollar 5.60% 6.00% Piggy Bank can borrow either $20 million or C$30 million. Furthermore, Piggy Bank expects the spot rate of the Canadian dollar to be $0.82 in 60 days (the current spot rate is $0.80). What is Malone Bank's profit or loss from speculation if the spot rate 60 days from now is indeed $0.78?
Business
1 answer:
Lunna [17]3 years ago
5 0

Answer:

$601,600

Explanation:

$601,600 is Malone Bank's profit or loss from speculation if the spot rate 60 days from now is indeed $0.78.

I hope it will help you!

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The correct option is A. a certification mark.

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Alenkinab [10]

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There are three consumers in the market for playing cards: Don, John, and Ron. At a price of $2 per pack, the quantities demande
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