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You are in charge of managing $10 million for one year. 1iou are allowed to inyest only in the US or German government bonds. both

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You are in charge of managing $10 million for one year. 1i"ou are allowed to inyest only in the US or German government bonds. both of which are considered risk free. The money is needed exactly one year from now in dollars, and you are not allowed to take any risks with It. The interest rates on the dollar and the German bonds are, respectively, ii = 0.02 and is = 11.05. The spot exchange rate is e = and the forward rate is of = cc. What is the highest return you can expected on the $10 million? [Answer the number of dollars with no dollar sign or separatorsJ Assume that any contract you make must he backed by the assets that you already have. Enter answer here

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