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Assume the following information is available: $450,000 to invest Current spot rate of Sudanese dinar is $.00570 90- day forward rate of dinar is $.00569

Assume the following information is available:

$450,000 to invest

Current spot rate of Sudanese dinar is $.00570

90- day forward rate of dinar is $.00569

90- day interest rate in USA is $.04

90- day interest rate in Sudan is .045

If you conduct covered interest arbitrage, what amount will you have in 90 days?

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