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You have $800,000 to invest. The 90-day interest rate in the United States is 2 percent. The 90-day interest rate in the United Kingdom

You have $800,000 to invest. The 90-day interest rate in the United States is 2 percent. The 90-day interest rate in the United Kingdom is 4 percent The current spot rate of the pound is $1.60. The 90-day forward rate of the pound is $1.60. How can you earn a profit? Assume the following information:

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