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Assume the following information: Jack has $1,000,000 to invest: Current spot rate of Swedish krona = $0.11 1-year forward rate of Swedish krona = $0.10

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Assume the following information: Jack has $1,000,000 to invest: Current spot rate of Swedish krona = $0.11 1-year forward rate of Swedish krona = $0.10 1-year deposit rate in U.S. = 2% 1-year deposit rate in Sweden = 6% = = If Jack uses covered interest arbitrage for a 1-year investment, what will be the amount of U.S. dollars Jack will have after one year? $ 963,636.36. $1,166,000.00 $ 927,272.73. $1,122,000.00

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