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Question 23 1 pts A currency speculator expects the spot rate of EUR to change...

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Question 23 1 pts A currency speculator expects the spot rate of EUR to change from USD 1.00 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 lendine rates are 3% in US and 2 in Europe. In order for the spectator to take advantage from the expected spot rate change in EUR. It should borrow In USD and investi EUR borrow in EU and invest in USD

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