Business, 27.10.2020 17:20, u8p4

Assume the following information: You have $1,000,000 to invest: Current spot rate of pound = $1.32 90-day forward rate of pound = $1.29 3-month deposit rate in U. S. = 2.5% 3-month deposit rate in Great Britain = 3.75% If you use covered interest arbitrage for a 90-day investment, what will be the amount of U. S. dollars you will have after 90 days?

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Assume the following information: You have $1,000,000 to invest: Current spot rate of pound = $1.32...