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Business, 02.10.2019 04:00, danikachild122
Trensor bank can borrow either $20 million or €20 million. the current spot rate of the euro is $1.13. furthermore, trensor bank expects the spot rate of the euro to be $1.10 in 90 days. what is trensor bank's dollar profit from speculating if the spot rate of the euro is indeed $1.10 in 90 days?
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Trensor bank can borrow either $20 million or €20 million. the current spot rate of the euro is $1.1...
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