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A bank has 10 million British pounds () in one-year assets and 8 million in...

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Finance

A bank has 10 million British pounds () in one-year assets and 8 million in one-year liabilities. In addition, it has one-year liabilities of 4 million euros (). All interest and principal will be paid at the end of the year. What is the net interest income in dollars if the spot prices at the end of the year are $1.35/ and 1.35/$ and the liabilities cost 7% while assets earn 8%?

A

-$54,000

B

-$100,567.45.

C

$116,592.59.

D

$112,677.94.

E

$1,080,000.

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