Assume the following information:You have $630,000 to invest…
Assume the following information:You have $630,000 to invest:Current spot rate of pound=$1.7590-day forward rate of pound=$1.733-month deposit rate in United States=3.4%3-month deposit rate in Great Britain=5.2%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?