1. Suppose you had USD 100,000 at the beginning of August 2001, and each month over the period to the end of October (or beginning of November) you stored your total balance in the currency that UIP suggested would appreciate during that month. In other words, each month you trade at the spot exchange rate to ensure all your money is in USD or CAD, and you choose which one based on UIP's predictions. For this question, assume you do NOT invest in US or CAD Treasuries but rather only hold cash. Describe which country's currency you would have chosen to buy or hold at the beginning each month, the USD value of profits and losses at the end of each month from these currency positions, and the USD value of your total profit/loss at the end of the overall period.