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Assume the following information: You have $ 1 , 0 0 0 , 0 0 0 to invest Current spot rate of pound = $

Assume the following information: You have $1,000,000 to invest Current spot rate of pound = $1.2890 day forward rate of pound = $1.223 month deposit rate in U.S.6%3 month deposit rate in Great Britain =2% If you, a U.S. investor, want to use covered interest arbitrage for a 90 day investment, you will have $ after 90 days? (Please answer in whole number, please do not use any separator for your number such as "" Also note the "if" in the question-the question asks for the $ amount you would have if you do covered interest arbitrage with your $1000000 and it is possible that you get a number less than what you would have from investing in the U.S.)*$1,052,238.78*

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