Question: It is expected from the forward rate quotations that the Swiss franc will appreciate over the next 12 months. The bid-ask and other transaction quotes

It is expected from the forward rate quotations that the Swiss franc will appreciate over the next 12 months. The bid-ask and other transaction quotes are:

Spot rate is $0.9200 - $0.9300 perSF;

12 month Forward rate is $0.9370 - $0.9460 per SF;

U.S. annualized interest rate is 3.2%-3.4% and

Swiss annualized interest rate is 2.4% - 2.6%.

Based on Interest Rate Parity, if you can borrow SF 100,000, what is your gain or loss (rounded)?

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