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Question 24 1 pts A currency speculator expects the spot rate of EUR to change...

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Question 24 1 pts A currency speculator expects the spot rate of EUR to change from USD 100 to USD 1.10 in one year. Assume the speculator has access to credit lines of USD 10,000,000 in the US and EUR 10.000.000 in Europe. The annual borrowing and tending rates are 3% in US and 2 in Europe Whis forecast is correct the speculator's expected prot at the end of the year will be EUR 100.000 USD 920,000 USD 100.000 TUR 20.000

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