Assume the following information. you have $1,000,000 to invest. current spot rate of pound = $1.30 90-day forward rate of pound = $1.28 3-month deposit rate in u. s. = 2.25% 3-month deposit rate in u. k. = 4% if you use covered interest arbitrage for a 90-day investment, what will be the amount of u. s. dollars you will have in 90 days? assume the following information. you have $1,000,000 to invest. current spot rate of pound = $1.30 90-day forward rate of pound = $1.28 3-month deposit rate in u. s. = 2.25% 3-month deposit rate in u. k. = 4% if you use covered interest arbitrage for a 90-day investment, what will be the amount of u. s. dollars you will have in 90 days?

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.