Question: plz solve the question correctly ***PUT THE ANSWER IN 4 DECIMALS*** XY Bank believes the Canadian dollar will appreciate over the next five days from

plz solve the question correctly ***PUT THE ANSWER IN 4 DECIMALS***

plz solve the question correctly ***PUT THE ANSWER IN 4 DECIMALS***

XY Bank believes the Canadian dollar will appreciate over the next five days from $.48 to $.50. The following annual interest rates apply: Currency Lending Rate Borrowing Rate Dollars 7.10% 7.50% Canadian dollar 6.80% 7.25% XY Bank has the capacity to borrow either Canadian dollar 10 million or $5 million. What will the profit from speculation

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