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Assume the following information: 39) You have $1,000,000 to invest GBP/USD SPOT rate = 1.2532 GBP/USD 3M FWD rate = 1.2444 3-month deposit rate in

Assume the following information: 39) You have $1,000,000 to invest GBP/USD SPOT rate = 1.2532 GBP/USD 3M FWD rate = 1.2444 3-month deposit rate in U.S. = 3.5% (annual) 3-month deposit rate in Great Britain = 5% (annual) If you move your money to the UK for a 3-month investment and you cover with forward contracts, what will be the amount of U.S. dollars you will have after 3 months (USD, no cents)?

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