Business, 21.02.2020 18:54 homeschool0123

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

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Assume the following information regarding U. S. and Canadian annualized interest rates:Currency len...

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