Question: Use the information below to calculate the expected gain or loss on the carry trade strategy for an initial borrowed amount of 1,000,000 (you will

Use the information below to calculate the expected gain or loss on the carry trade strategy for an initial borrowed amount of 1,000,000 (you will have to determine the currency of borrowing). Keep at least two decimals in your calculations but round up or down at the end (enter the final answer without decimals).

Current spot rate of Polish zloty (PLN/EUR) 4.32

Expected future spot rate of of zloty (PLN/EUR) in three months 4.31

Annualized three-month interest rate on Polish zloty (%) 3.65

Annualized three-month interest rate on euros (%) 0.97

**Correct answer is 9,041 according to professor but I'm not sure how to get it**

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