Assume the following information:

You have $$1,000,000$ to invest

Current spot rate of pound $=$$$\frac{1\mathrm{.}30}{b}p$

$90$ day forward rate for pound in the Forward market $=$$$\frac{1\mathrm{.}42}{b}p$

$3$ month deposit rate in US $=6\%$ annual

$3$ month deposit rate in UK $=4\%$ annual

If you use covered interest arbitrage for a $90$ day investment, what will be the amount of US$ you will have after $90d$

around $$1,103,230\mathrm{.}78$

around $$1,034,000\mathrm{.}33$

around $$1,198,879\mathrm{.}34$

around $$1,040,021\mathrm{.}65$