Exchange Rate Assignment | Homework For You

Pink Bank believes the Canadian dollar will depreciate over the next 3 days from $1.31 to $1.17. The following annual interest rates apply: Currency Lending Rate                Borrowing Rate Canadian Dollars (C$)    .0520                                            .0580 Dollars                            0.063                                            .0595 Pink Bank has the capacity to borrow either Canadian $103,100,000 or US $75,000,000. If Pink Bank’s forecast is correct, what will its dollar profit be from speculation over the 3 …

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