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Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Borrowing Lending S 0 ( $ /

Assume that you are a retail customer. Use the information below to answer the following question.
Bid Ask Borrowing Lending
S0($/) $1.40=1.00 $1.43=1.00 i$ 4.20% APR 4.10% APR
F360($/) $1.44=1.00 $1.49=1.00 i3.65% APR 3.50% APR
If you had 1,000,000, traded them for USD at the spot rate, and invested the dollars in the U.S., how many USD will you get in one year?

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