Assume the following information: You have $300,000 to invest: The spot bid rate for the euro () is $1.08 The spot ask quote for the euro is $1.10 The 180-day forward rate (bid) of the euro is $1.08 The 180-day forward rate (ask) of the euro is $1.10 The 180-day interest rate in the U.S. is 6% The 180-day interest rate in Europe is 8%

If you conduct covered interest arbitrage, what amount will you have after 180 days?

	a.	$318,109.10.
	b.	$330,000.00.
	c.	$312,218.20.
	d.	$323,888.90.
	e.	none of these