2. Assume the following information: You have $1,000,000 to invest: Current spot rate of pound $1.60 90-day forward rate of pound $1.57 3-month deposit rate in U.S. 3% 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 after 90 days? 3. Assume the following information: Current spot rate of Australian dollar $.64 Forecasted spot rate of Australian dollar 1 year from now $.59 1-year forward rate of Australian dollar $.62 Annual interest rate for Australian dollar deposit 9% Annual interest rate in the United States 6% Given the information in this question, what is the return from covered interest arbitrage by U.S. investors with $500,000 to invest