o. Assume all the preceding information with this exception: Chase Bank expects the peso to appreciate from its present capitalize generated from this strategy. spot rate of $.15 to $.17 in 30 days. How could it attempt to on its expectations without using deposited funds? Estimate the profits that could be HINT: Follow these steps: 1. Borrow $10 million and convert the $10 million to pesos (MXP): nd the pesos through the interbank market at 8.5% annualized over a 30-day period. The amount accumulated in 30 days is: 3. Le 4. Repay the dollar loan. The repayment amount on the dollar loan is: Convert the pesos to dollars to repay the loan. The amount of dollars to be received in 30 days (based on the expected spot rate of $.17) is: 5. 6.The profits are determined by estimating the dollars available after repaying the loan