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Question 13 N Assume the following information: You have $5,000,000 to investi Current spot rate of pound 90-day forward rate of pound 3-month deposit rate

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Question 13 N Assume the following information: You have $5,000,000 to investi Current spot rate of pound 90-day forward rate of pound 3-month deposit rate in United States 3-month deposit rate in Great Britain S/Pound1.50 S/Pound 1.45 4% 5% Required: If you use covered interest arbitrage for a 90-day investment, what will be the amount of U.S. dollars you will have after 90 days? Show your working aso. [2 marks] For the toolbar, press ALT+F10 (PC) or ALT+FN*F10 (Mac). BI VS Paragraph 14px A2 I. % 0 X X The " 2 Arial . 11 B +

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