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Assume the following information You have $420,000 to invest Current spot rate of Sudanese dinar (SDD) = $.00570 90-day forward rate of the dinar =

Assume the following information

You have $420,000 to invest

Current spot rate of Sudanese dinar (SDD) = $.00570

90-day forward rate of the dinar = $.00569

90-day interest rate in the U.S. = .04

90-day interest rate in Sudan = 0.044

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

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