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Assume the following information: Frank has $1,000,000 to invest: Current spot rate of Swedish krona - $0.10 1-year forward rate of Swedish krona - $0.097

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Assume the following information: Frank has $1,000,000 to invest: Current spot rate of Swedish krona - $0.10 1-year forward rate of Swedish krona - $0.097 1-year deposit rate in U.S. - 2% 1-year deposit rate in Sweden - 6% If Frank uses covered interest arbitrage for a 1-year investment, what will be the amount of U.S. dollars Frank will have after one year? $ 1.051,546.39. O$ 1,028,200.00 O$ 1,092,783.51 O $1,020,000.00

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