Business, 12.06.2021 02:40 hipeopleitsme121

Currently, the spot exchange rate is $0.85/A$ and the one-year forward exchange rate is $0.81/A$. One-year interest is 3.5% in the United States and 4.2% in Australia. You may borrow up to $1,000,000 or A$1,176,471, which is equivalent to $1,000,000 at the current spot rate. How much can you realize certain profit in U. S. dollar terms? A) $48,025 B) $42,035 C) $50,625 D) $52,025 E) None of the above

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Currently, the spot exchange rate is $0.85/A$ and the one-year forward exchange rate is $0.81/A$. On...

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