6. Construct a spreadsheet illustrating the steps that Blades' treasurer would need to follow to speculate...

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6. Construct a spreadsheet illustrating the steps that Blades' treasurer would need to follow to speculate on expected movements in the baht's value over the next 30 days. Also show the speculative profit (in dol- lars) resulting from each scenario. Use both of Holt's examples to illustrate the possible speculation. Assume that Blades can borrow either $10 million or the baht equivalent of this amount. Furthermore, assume that the following short-term interest rates (annualized) are available to Blades: LENDING BORROWING CURRENCY RATE RATE Dollars 8.10% 8.20% Thai baht 14.80% 15.40% 6. Construct a spreadsheet illustrating the steps that Blades' treasurer would need to follow to speculate on expected movements in the baht's value over the next 30 days. Also show the speculative profit (in dol- lars) resulting from each scenario. Use both of Holt's examples to illustrate the possible speculation. Assume that Blades can borrow either $10 million or the baht equivalent of this amount. Furthermore, assume that the following short-term interest rates (annualized) are available to Blades: LENDING BORROWING CURRENCY RATE RATE Dollars 8.10% 8.20% Thai baht 14.80% 15.40%