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to 4 decinal places You are the vice-president of finance for Exploratory...

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You are the vice-president of finance for Exploratory Resources, headquartered in Calgary. In January 2012, your firm's American subsidiary obtained a six-month loan of $1.3 million (U.S.) from a bank in Calgary to finance the acquisition of an oll-producing property in Oklahoma. The loan will also be repaid in U.S. dollars. At the time of the loan, the spot exchange rate was US $1.0128/C$ and the U.S. currency was selling at a premium in the forward market. The June 2012 futures contract (face value =$130,000 per contract) was quoted at US\$1.0110. a. This part of the question is not part of your Connect assignment. b. How much is the bank expected to lose/gain due to foreign exchange risk? (Round the intermediate calculation to 4 decimal places.) Bank expected to $ Canadian c. This part of the question is not part of your Connect assignment

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