Sapling independent is a small bank located in hong kong. sapling independent is interested in increasing the number of mortgages it writes, but it is constrained by how many deposits it has.
it has decided to borrow 12,000,000 euros from a large german bank for one year. the german bank is going to charge sapling independent an interest rate 1.500% per year.
the german bank insists on being repaid in euros.
after sapling independent borrows the money, it is going to have to convert the money into hong kong dollars at an exchange rate of 13.000 hk dollars/euro.
then sapling independent is going to lend all the money at an interest rate of 6.000% per year. at the end of one year, all the money that sapling independent lent will be repaid, plus interest.

finally, at the end of one year, sapling learning is going to have to repay its loan to the german bank in euros. at the end of the year, the exchange rate is 11.500 hk dollars/euro.

what is sapling independent\'s profit from this series of transactions in hong kong dollars?

Read the overview below and complete the activities that follow.apartment complexes often look for ways to recruit new tenants and retain current tenants. although apartment complexes offer the tangible benefit of shelter to their tenants, many apartment complexes also offer additional services to tenants to encourage tenants to stay or to support the rent prices. the following scenario identifies the several service gaps of a company that runs an apartment complex as well as solutions for reducing these service gaps.concept review: customers have certain expectations about how a service should be delivered. a service gap occurs when the delivery of a service fails to meet customer expectations. there are four types of service gaps: knowledge gap, standards gap, delivery gap, and the communications gap. it is important for marketers to identify these gaps and develop strategies for minimizing them.match the example or solution to the appropriate service gap category.1. wait for repairs 5. train employees well2. understand expectations 6. incentives for tenants3. do not overpromise 7. family movie night4. empower employees 8. delayed lawn careservice gap example solutionknowledge gap standards gap delivery gap communication gap