Amount	$3,000,000
US Interest rate	7%
Mexico interest rate	4%
Spot Rate	Ps 19.6512/$
90-day Forward Rate	Ps 19.2131/$
Investment for	90 days

1. By using data from Table what currency do you need to invest to generate arbitrage profit, according to rule of thumb?

Ps

USD

EUR

GBP

2. By using data from the table, find the total proceeds (principal+ interest income) of the investment for 90 days in the currency according to the rule of thumb (this is the amount that you will sell forward).