Question: the future spot rate exceeds $1.05, then GE will convert the euro proceeds at $1.05. Then: O A. Bank Profits B. GE profits C. GE

the future spot rate exceeds $1.05, then GE will convert the

the future spot rate exceeds $1.05, then GE will convert the euro proceeds at $1.05. Then: O A. Bank Profits B. GE profits C. GE suffers a loss D. Bank suffers a loss E. None of the above

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