Current spot rate of SF = $0.6543. 1-year interest rate in the U.S. = 7.5%. 1-year interest rate in the Switzerland = 3.5%. If you could borrow $10,000,000 in the US, and set up an uncovered interest rate arbitrage, how many dollars will you have at the end of one-year (after paying off the loan) if you expect the spot rate of SF one year from now to be $0.6925.

		$ 316,567
		$204,264
		$96,588
		$126,712