What is malone banks profit or loss from speculation if the, Financial Management

What is malone banks profit or loss from speculation if the

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

Currency lending rate borrowing rate

us 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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