22-116 What is the cash spread earned by the FI if at the end of the year the £ is trading at $1.63/£ in the cash market? Again adjust for all exchange rate changes.
A)$1,610,000 gain.
B)$1,610,000 loss.
C)$2,670,000 loss.
D)$2,670,000 gain.
E)$2,390,000 loss.

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The Answer of 22-116 What is the cash spread earned by the FI if at the end of the year the £ is trading at $1.63/£ in the cash market? Again adjust for all exchange rate changes.
A)$1,610,000 gain.
B)$1,610,000 loss.
C)$2,670,000 loss.
D)$2,670,000 gain.
E)$2,390,000 loss.

22-116 What Is the Cash Spread Earned by the FI