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You are a currency trader looking at the following information and you have $ 2 , 0 0 0 , 0 0 0 capital to

You are a currency trader looking at the following information and you have $2,000,000 capital to work with. Using a 90-day Covered Interest Arbitrage (CIA), what would be your U.S. investment at the end of 90 days?
Current spot rate of the = $1.50
90-day forward rate of the = $1.35
90-day deposit rate in the U.S.=2.5%
90-day deposit rate in U.K.=3.8%

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