Business, 25.04.2020 03:50 lilie080202

Sume 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. = 3% 3 month deposit rate in Great Britain = 4% If you want to use covered interest arbitrage for a 90 day investment, what will be the amount of U. S. dollars you will have after 90 days? Selected A. $1,024,000. Answers: A. $1,024,000. B. $1,030,000. C. $1,040,000. D. $1,034,000. E. none of the above.

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Sume the following information: You have $1,000,000 to invest Current spot rate of pound = $1.30 90...

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