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Determine the amount of US$ you need to borrow today for a covered interest arbitrage trading (between US$ and Mex$) with the following information: Current

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Determine the amount of US$ you need to borrow today for a covered interest arbitrage trading (between US$ and Mex$) with the following information: Current spot rate (S) = Mex$ 20/$ 3-month forward rate (F) = Mex$ 22/$ Arbitrage fund available = Mex$ 20 Million . . $ 44 Million $0.91 Million $ 40 Million S 1 Million

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