Question 24 Assume the following information: You borrowed $1,000,000 from US Bank and want to invest in UK market Current spot rate of pound = $1.30/bp 90 day forward rate for pound in the Forward market = $1.28/bp 3 month deposit rate in US = 3% annual 3 month deposit rate in UK = 4% annual If you use covered interest arbitrage for a 90 day investment, what will be the net amount of US$ you will have after 90 days? around $95,700 around $93,700 O around $91,240 O around $97,240 5 pts