$($b$)$ Suppose you have $$1$ million to invest and you do this for $60$ days in the

US at its interest rate. How many US dollars do you have after $60$ days?

$($c$)$ Now suppose you decide to invest instead through the spot and forward

markets in DR$$.$ This means buying DR$ in the spot market, investing

them for $60$ days at the Dominican interest rate and also selling those

proceeds in the forward market at rate F$.$ How many US dollars do you

have after $60$ days?

$($d$)$ What does the covered interest parity condition suggest will happen in this

market moving forward?