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Cooper Derivatives believes the New Zealand dollar will appreciate the next sixty days from $.48...

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Cooper Derivatives believes the New Zealand dollar will appreciate the next sixty days from $.48 to $.50. The following annual interest rates apply: Cooper Derivatives has the capacity to borrow either NZ $10 million or $5 million. If Cooper Derivative's forecast if correct, what will its dollar profit be from speculation over the sixty-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)? $187,563 $352,145 $356,842 $204,464

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